|
Every issue pertaining to a nonprofit board of directors relates to the topic of governance, the overall principle and set of practices for ensuring accountability and compliance, transparency, healthy growth and long-term security. Some of the most prominent areas of nonprofit governance today in the post-Sarbanes-Oxley world include:
- Accountability and transparency issues
- Financial oversight and internal controls
- Hiring, evaluating, and if necessary, firing the Executive Director
- Program performance evaluation and development
- Organizational and strategic planning and development
- Personnel and human resource development
-
Policy development
Things to remember:
- Always work to advance your organization's mission
- Review, update and follow your organization's governing documents
- Board members: Stay active and be informed
- Avoid conflicts of interest
- Protect board members and officers from legal exposure
- Understand the legal and tax status of your organization
- Comply with applicable state laws
- Properly manage employees and volunteers
- Be Internet savvy
- Maintain records and be financially accountable
- Avoid legal challenges
- Remember the "Enquirer/Post Test." How would it read on the front page of the newspaper?
|