Nonprofit boards play a critical role in recommended you read the nonprofit governance. They are accountable for strategic planning oversight and accountability, and financial stewardship. The Board is also accountable for ensuring that the company is ethical and transparent with donors and the community. This isn’t an easy task. The Board faces many challenges, that require a substantial commitment of time and resources from the board. This is why it’s important to have the right people on your Board.
A strong Board is comprised of diverse people with a variety of skills experiences, backgrounds, and perspectives that are aligned with the organization’s mission. This will provide the Board with a wide range of experience and knowledge to make informed decisions and help guide the organization in the proper direction. The Board must regularly assess its own performance and effectiveness and provide ongoing training.
The Board must also be a detail-oriented and comprehend the bigger picture. This includes checking how closely the financial activity relates to the budget, looking at how much programs and services cost and whether or not the expenses are reasonable, and creating appropriate internal controls to avoid loss, theft or confusion.
The Board should also be prepared to serve as ambassadors and advocates for the organization. They should help the Executive Director create and manage the public brand for the organization. They should be available to the community and media and willing to speak on behalf of the organization when required.
