The management of a non-profit board is crucial to the success of an organization. In addition to ensuring the overall mission the board must ensure that it is able to fulfill its fiduciary duties and abides by legal and ethical standards in the way it oversees and runs the organization. In order to meet these obligations the board must be able to follow the best practices across all areas.
Fundraising and donor management are two areas of particular concern. The board should be focused on encouraging original ideas from its members to help these efforts. It should also take the leadership in attracting and keeping new members. This means providing a clear definition of the role and explaining what they’re getting themselves into. This will help avoid miscommunications, expectations and aid in the process of recruitment.
A well-organized revenue management system is another important area. Nonprofits can be tax-exempt to meet a public need and the board must be on guard by ensuring that all expenditures are justified. This means that the board must ensure that the CEO is accountable for spending and not allowing the company to spend more money than it has.
Board members boardroomusa.org/what-information-do-board-secretaries-need-to-record/ can be absorbed in the honor of serving the community and forget they’re accountable for the management of the organization. This can be seen in the most significant issues like the selection of an executive director, to the smallest of details, such as weighing in about the pricing of a particular service. To avoid this, the board must regularly assess its performance and make any needed adjustments.