From food banks to recreation centers to cancer charities, nonprofit organizations would not exist without the contributions of volunteers and dedicated board members. These individuals must perform their duties in the organization’s best interest and to disclose any conflict of interests that could undermine the organization’s objective decision-making.
The most passionate, enthusiastic board members will be your greatest ambassadors and most important advocates. They should proactively promote the organization within their professional and personal networks, trying to ignite that passion in others. This means spreading the word about your work or attending events, as well as supporting the mission through their donations.
As the board’s ears and eyes are always on the ball, they should examine and refine business strategies to ensure they’re robust and flexible as well as in line with the company’s overall goals. This often involves assessing and mitigating risks, such as operational, financial, legal, and reputational threats.
This is an essential duty for board members and it takes an enormous amount of time and effort. The board must be able to determine the most significant risks that need to addressed and prioritize them in the context of the http://wellsfargo-com-activate.com/dealing-with-hostile-board-members-main-strategies/ overall strategy of the company.
The board should be aware of state-specific “Sunshine Laws” and other regulations that affect the way nonprofits conduct business, and be able explain the implications of these laws for the organization’s day-today operations. It’s also important for the board to be aware of the tax status of the organization and the implications.
