Nonprofit Board of Directors

Nonprofits need a functioning Board of Directors to carry out their goals. They are seeking directors who are passionate about their cause, have connections with the people they serve and have experience overseeing the business affairs at one point.

Professionals from all kinds of businesses and organizations serve on boards of non-profit organizations. It’s an excellent opportunity to expand your network, learn new skills, and make a positive contribution to the community.

According to an Korngold survey 78% of board members reported that service on a nonprofit board gave them more respect for the views and perspectives different from their own. This is vital in a board environment for nonprofits where decisions have to be made with limited resources and the board must make smart financial management choices.

Nonprofit board members have many legal responsibilities and obligations, including the Duty of Care and the Duty of Loyalty. Board members must be aware of conflicts and must not abuse their positions by utilizing nonprofit money for personal gain. For instance, if the board is deciding on an increase in the salary for the executive director and you control the director’s business, you must abstain from voting on the issue because of a conflict of interest.

Many nonprofits also have permanent (sometimes referred to as “standing”) committees that handle ongoing issues or other specific issues that arise. These committees are run by board members who must disclose any potential conflicts of interest to the other board members.

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