As an officer on a nonprofit board, you are accountable for providing legal and financial oversight. These responsibilities ensure that the organization operates within its means and is in compliance with local laws, state laws and federal regulations. You must also place the interests of the organization above your own. It is your obligation to disclose any conflict of interest.
Nonprofit boards provide direction to non-profits by aiding in their culture, strategic focus as well as their effectiveness and financial sustainability. They serve as ambassadors to promote the work and mission of the organization.
The mission of a nonprofit must be clearly communicated to its staff, volunteers as well as supporters and constituents and communication can only happen through advocacy. A dedicated, enthusiastic board will be more likely remain active and help the organization flourish.
The board is accountable for establishing and implementing a budget every year, and establishing policies to guide the management of employees as well as donors. It is essential for the success of the organization that the public trusts that funds are being used responsibly and in service of the purpose of the nonprofit.
Nonprofit boards are also accountable to the chief executive officer, who is ultimately in charge of the day-today operations of the non-profit. In smaller nonprofits, it’s possible that volunteer directors serve as employees, but this model can quickly become unsustainable and stop the board from focusing exclusively on governance and oversight. To be more effective the board should assign responsibilities to committees. The committees should report back to the full board.
0 comentários