A nonprofit board is the group which oversees your organization’s fiduciary duties and responsibilities and steers it towards a sustainable future. By establishing a governance and financial management policy they ensure that your charity is run legally and ethically and has the resources it needs to fulfill its mission. They also review and approve the executive director’s performance and compensation, as well as other critical managerial issues.
Nonprofit boards typically include people who have connections with donors and other influential community members, as well as those who are committed to your cause and the goals it pursues. It is also important to look for people who are detail oriented so that they understand how the bigger picture fits together and what each department has to accomplish.
Board members must demonstrate an ardent commitment to the nonprofit and its mission, and must be prepared to commit substantial time and energy satisfying their obligations. In addition, they should be able of clearly articulating the value they bring as a trustee and the impact of their decisions. They shouldn’t be prone to gossip or rumor and they shouldn’t attempt to gain favor with other trustees or staff members by playing favoritism.
It is essential that new board members are aware of their primary duties. Many organizations conduct sessions of orientation to teach new trustees on their fiduciary and legal obligations, as well other governance practices. They could be guided by your executive director or other board members.
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