![]() ![]() Duty of Care: Take care of the nonprofit by ensuring prudent use of all assets, including facility, people, and good will.Just as for any corporation, the board of directors of a nonprofit has three primary legal duties known as the “duty of care,” “duty of loyalty,” and “duty of obedience.” What’s the role of the board of directors of a nonprofit corporation? ❼uáles son las responsabilidades legales de una junta directiva sin fines de lucro? There's a difference between "board of directors" and "trustees"? (CharityLawyer).However, to avoid actual or perceived conflicts of interest, questions concerning accountability, or blurring the line between oversight and execution, chief executives should be non-voting members of the board, unless not permitted by law.” See Recommended Governance Practices from BoardSource,“LP7”. A common question: Should your nonprofit's CEO also be a board member? Yes, according to BoardSource, the national leader on nonprofit governance practices: “The chief executive’s input in board meeting deliberation is instrumental and invaluable for informed decision making. ![]() Arguably the most important policy for a board to adopt is a policy addressing conflicts of interest.The vast majority of board members for charitable nonprofits serve as volunteers without any compensation.And.at the National Council of Nonprofits we are big promoters of the important role board members play as advocates for the nonprofit's mission. When there are paid staff in place, rather than steer the boat by managing day-to-day operations, board members provide foresight, oversight, and insight: think of them as up in the crow's nest scanning the horizon for signs of storms or rainbows to explore, perhaps with a pot of gold at the end! Yes, board members - your role as stewards of the nonprofits DOES involve fundraising. One of the most important responsibilities for many boards is to hire and set the compensation of a talented CEO/executive director to run the day-to-day management activities of the organization. Board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as by making sure the nonprofit has adequate resources to advance its mission. ![]()
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