A board of directors can offer numerous benefits for both organizations and individuals. It’s a great way for you to gain experience in managing and making decisions, develop a network and make connections with philanthropists, community leaders and other leaders and can also help advance your career.
All boards, whether they’re for-profit or non-profit are required to adhere to an established set of rules which govern their operations. It is vital that individuals who want to become board members are aware of these rules and the responsibilities they have to fulfill.
Board members need to be involved and active and regularly attend meetings, review documents like financial statements and strategic reports and be able to ask questions. They should be able to identify the organization’s long-term and shorter-term goals as well as its resources and conflicts of interest.
In the event of an organization is public, the board members are also required to be prepared to take on an leadership role, and to be able to respond rapidly in times of crisis to fulfill their fiduciary duties and good governance standards. It is also a board’s responsibility to maintain relationships with the community it serves, be observant to their needs and expectations and participate in community outreach activities.
The boards of non-profit organizations should be focused on their stakeholders. These are usually the people they serve, the companies who support them, and the elected officials and agencies of the government that supervise them. They are also accountable to donors who provide financial resources to their organization. They are also responsible for establishing systems to prevent fraud and embezzlement and for developing connections with other community groups.
https://wouldboard.com/5-cyber-security-myths-that-are-leaving-nonprofits-exposed/
