Nonprofit boards play an important part in the governance of nonprofits. They are responsible for strategic planning and oversight accountability, financial stewardship and accountability. The Board is accountable for ensuring that the organization is transparent with donors and community members. This isn’t an easy job. The Board is faced with many challenges, that require a substantial commitment of time and resource from the board. It is crucial to have the right people in your Board.
A strong Board is comprised of a diverse group of people who have a range of abilities experiences, backgrounds, and perspectives that are aligned with the organization’s mission. This provides the Board the opportunity to draw upon a broad range of experience and knowledge that can help it make informed decisions and guide the organization. The Board must periodically assess its own performance and effectiveness, and provide ongoing training.
The Board must be focused on detail and have a good understanding of the larger picture. This includes assessing the degree to which the financial activities are in alignment with the budget and determining the cost of programs and services and whether they are cost-effective and adopting internal controls to stop theft or loss, or even confusion.
The Board should also be prepared to serve as advocates and ambassadors for the organization. They should aid the Executive Director in creating and manage the public brand for the organization. They should www.twoboardroom.com/the-relationship-between-the-ceo-and-the-board-of-directors/ be available to the media and the public and willing to speak on behalf of the organization when necessary.