Working with and leading a non-profit, contrary to what some believe, is not easier than a for-profit business. In fact, the added wrinkle of government scrutiny on non-profits lately can make it more difficult. Most non-profit board members are aware of the board's basic responsibilities to create a strategic plan and oversee staff as it’s implemented; monitor activities to ensure they contribute to the organization’s larger mission; hire and evaluate the chief executive; ensure adequate financial resources; and perform essential fiduciary duties of care, loyalty and confidentiality.
Following that general task list, however, doesn’t necessarily make a board effective. Good governance requires nonprofit boards — and executives — to go the extra mile and do the following:
Consulting with your board, the Banyan Group can help you comply with IRS regulations, operate according to a set of policies you write that are clear and concise, and avoid danger areas you may not be aware of.
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