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Wegner CPAs and Consultants, Small W graphic Non-Profits: Governance
 
 

All non-profit organizations begin with governance. Whether you are a small non-profit just starting up or a multi-million dollar national association, effective board governance is key in achieving you mission.

Boards have four key responsibilities: Legal and fudiciary, Oversight, Fundraising and Representation of the stakeholders in the mission of the organization.

There are many different types of nonprofit boards. There are working boards where the board carries out many of the roles and responsibilities otherwise performed by staff. In these situation the board should be very careful not to get confused about whether they are acting in the capacity of staff or representing the board.There are policy making boards who carry out the mission of the organization by setting policy and then hiring staff to carry out the programs and objectives of the organization.Then there are boards that are everything in between those two types. There is no one size fits all and each organization must determine it’s governance style.

Some key elements of all successful boards are:

  • A strong recruitment and nomination process
  • Effective board orientation
  • Well defined Board roles and responsibilities
  • Commitment to financial literacy on the part of the board
  • Effective meetings and process
  • Committee structure that helps the board do it’s business
  • Planned commitment to strategic planning
  • Code of ethics and conflict of interest policies
  • Regular monitoring and evaluation of executive staff
  • Commitment to fundraising on the part of all individuals
  • Leadership

Some resources to consider reviewing are: