The success https://www.boardroomusa.org/what-information-do-board-secretaries-need-to-record of a non-profit organization is dependent on the management of its board. In addition to overseeing the organization’s mission and responsibilities, the board should also ensure that it performs its fiduciary responsibilities and abides by legal and ethical standards in the way it oversees and runs the organisation. To ensure compliance with these responsibilities, the board should follow the best practices in all aspects.
One area that is of particular concern is fundraising and donor management. To aid in these efforts the board should encourage creativity and unique ideas among its members. It should also role of attracting and retaining new members. This includes giving a clear description of the job and describing what it is that they’re entering into. This will help to avoid miscommunications and expectations and help in the process of hiring.
Another crucial area is making sure that the management of revenue is well. Nonprofits can be tax-exempt in order to meet a need of the public and the board must be vigilant in protecting this by ensuring that all expenditures are justifiable. This also implies that the board should ensure that the CEO is being accountable for his spending and that they are not allowing the company to spend more than what it is.
Board members can get distracted by the importance of serving the community and forget they are there to run the organization. This can be seen in the most important issues, such as the selection of an executive director, to the smallest of details, like weighing in on the pricing for a service. To avoid this, it’s beneficial for the board to conduct an annual evaluation of its performance and make necessary improvements.