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August 23, 2018

Non Profit Board Roles And Responsibilities

Source: councilofnonprofits.org | Re-Post Fight for Life Foundation 8/23/2018 –

Board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as by making sure the nonprofit has adequate resources to advance its mission.

One of the most important responsibilities for many boards is to hire and set the compensation of a talented CEO/executive director to run the day-to-day management activities of the organization. When there are paid staff in place, rather than steer the boat by managing day-to-day operations, board members provide foresight, oversight, and insight: think of them as up in the crow’s nest scanning the horizon for signs of storms or rainbows to explore, perhaps with a pot of gold at the end! Yes, board members – your role as stewards of the nonprofits DOES involve fundraising. And…at the National Council of Nonprofits we are big promoters of the important role board members play as advocates for the nonprofit’s mission.

Did you know?

  • The vast majority of board members for charitable nonprofits serve as volunteers without any compensation.
  • Arguably the most important policy for a board to adopt is a policy addressing conflicts of interest.
  • A common question: Should your nonprofit’s CEO also be a board member? (BoardSource)
  • What’s the difference between “board of directors” and “trustees”? (CharityLawyer)

Read the full article…