Boards and Governance
description of boards & governance
Entire books have been written about the art of cultivating, identifying, asking, and nurturing a strong nonprofit board.
Board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound governance and financial management policies, and ensuring adequate resources.
Boards need up-to-date financial information so that they can make decisions with an understanding of the financial impact on the nonprofit.
The vast, indeed overwhelming majority, of board members of charitable nonprofits are unpaid volunteer members of their boards of directors.
Once you have received your determination letter from the IRS, the real work begins.
It is hard to know what ‘good governance’ is. You recognize it when everything goes smoothly, and you also feel the lack of it when times are rocky.
