Nonprofit organizations, from food banks to recreation centres to cancer charity organizations, wouldn’t exist if it weren’t for the tireless efforts of volunteer board members. These individuals have a duty to act in the best interests of the organization and report any potential conflicts of interest that could affect independent decision-making.
Your most effective ambassadors are the most enthusiastic and passionate board members. They should be proactive in promoting the organization through their personal and professional networks, trying to ignite that passion in others. This means spreading the word about your organization by attending events, as well as supporting the mission through their donations.
As the board’s ears and eyes are on the job, they must examine and refine business strategies to ensure they are robust and flexible. They should also ensure they are compatible with the company’s overall goals. This typically involves assessing and mitigating risks, such as operational, financial, legal, and reputational threats.
This is an essential obligation for board members, and requires considerable time and effort. The board should be able to identify the most risky areas that need to be addressed and prioritize them in the context of an organization’s overall strategy.
The board should be aware of state-specific “Sunshine Laws” and other regulations that affect the way that nonprofits conduct their business, and it should be able click to find out more to articulate what these laws mean for the organization’s day-to-day operations. It’s also important for the board to have a thorough understanding of the organization’s tax status and the consequences.
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