The board is entrusted to make certain the organization steadfastly pursues the stated mission, maintains compliance with all local, state, and federal requirements, and conducts activities with accountability and transparency.
Board members should understand the components of individual responsibilities, legal and fiduciary responsibilities, financial responsibilities, and risk management. For nonprofits with staff, board members have additional responsibilities to address. Board members make strategic decisions that respond to new opportunities and risks. When board members’ responsibilities are met, the board provides needed oversight to steward the organization’s mission and valuable assets.
Before you begin this chapter, watch this short video and hear from Kimberly Hollins, Board Member at First Five Years and beyond, about board member responsibilities.