Board Members’ Responsibilities
From food banks to recreation centers to cancer charities, non-profit organizations wouldn’t exist without the volunteer contributions of dedicated board members. They are accountable to act in the best interest of the organization and disclose any potential conflicts of interest that could affect an objective decision-making process.
Your best ambassadors will be the most enthusiastic and passionate board members. They should be proactive in promoting the organization through their professional and personal networks, attempting to ignite the same enthusiasm in others. This could include spreading the word about your work and attending events, and donating to the cause through their charity.
As the board’s voice and eyes, they need to question and refine business strategies to ensure that they are robust, adaptable and aligned with the organisation’s goals. This typically involves the assessment and mitigation of risks, such as financial, operational, legal, and reputational threats.
This is among the most crucial duties for board members to assume and takes a lot of time and energy. The board should be able identify the major threats that must be addressed and prioritize them in the context of the overall strategy of the organization.
The board needs to be aware of state-level “Sunshine Laws” and other regulations, that affect how nonprofits do business. It should also be able explain what these laws mean for the organization’s daily operations. It’s also http://wellsfargo-com-activate.com/dealing-with-hostile-board-members-main-strategies/ important for the board to be aware of the tax status of the organization and repercussions.