Boards of directors, both commercial and nonprofit, are essential to the success or failure of an organization. They are fiduciaries that help to guide an organization toward sustainable growth by implementing ethical, legal and financial governance and management practices. They play a significant role as advocates. Nonprofit board members are integral to the organizational culture and effectiveness, strategic focus, and financial sustainability of the non-profit. In addition, they assist the nonprofit raise funds and create public awareness using a variety of means.
Each type of nonprofit has a different board structure. Some nonprofits have a consolidated board structure, with a single committee handling all governance issues. Others choose to divide the responsibilities of governance among committees that deal with the areas of fundraising, finance and risks programs, human resources, etc. These committees could be permanent (also called standing) or ad-hoc committees that are created to tackle specific issues.
One of the most important things nonprofit boards can do is have regular training on their responsibilities and roles. This can include workshops on governance, ethics and legal issues, and review of the company’s mission and vision.
It is also important to identify the best members of the board, and that begins with defining what the job description will be. Candidates should have excellent project management skills, and be devoted to the cause of the non-profit they support. They should also be willing to attend meetings and be able to volunteer their time for the charity.
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