A nonprofit board oversees the organization’s fiduciary obligations and oversees its future sustainability. They ensure that your organization has the funds needed to fulfill its mission and that it’s managed ethically and legally, through governance and financial management policies. They also assess the performance of the executive director along with compensation and other critical management issues.
Nonprofit boards typically include people who have connections with donors and other influential community members and who have a passion for your cause and the goals it pursues. It is also important to look for those who are meticulous so that they understand how the big picture fits together and what each department has to do.
Board members should have an unwavering commitment to the nonprofit and its missions and be able to commit a significant amount of time and effort in order to fulfill their obligations. Additionally, they should be able to clearly communicate their value as a trustee and the impact of their decisions. They should be careful not to fall prey to gossip or rumor and they shouldn’t try to gain favor with other trustees or employees by playing favorites.
It is crucial that new board members understand their primary responsibilities. Many organizations https://databoardroom.com/the-relationship-between-the-board-ceo-and-staff/ utilize orientation sessions to train new trustees on their fiduciary and legal obligations and other governance practices. They may be led by your executive director or other board members.