When things go wrong the board of directors is often the one who gets the most criticism. Whether it is due to corruption or scandals at the top of the pyramid A dysfunctional board of directors can result in mismanagement or even financial ruin. It is vital that your Board of Directors is equipped https://workboardroom.com/legal-responsibilities-of-nonprofit-board-members/ with the experience and knowledge to oversee your business.
You want to recruit Nonprofit Board members who are committed to the cause and who are committed to serving the needs of your organization. They should be able to be aware of their obligations and roles in order to participate in all your company’s decisions, like adopting policies, setting the compensation for the executive Director and raising money.
A functioning Board is an essential connection between your non-profit organization and the community. Your board has the responsibility of determining the best way for your organization to serve the community. The executive director and the staff will then implement the plan that the board has decided on through day-to-day operations.
In the past, many nonprofits were looking for wealthy and well-connected people to join their boards. While these connections can be beneficial but nowadays, it’s more common to hire people with the passion and commitment to your cause. It is also important to find people to fill different positions to ensure that your board members have many perspectives and viewpoints. In fact, a study conducted by Korngold found that 78% of the people who were on boards of non-profit organizations stated that they were more open to opinions that aren’t their own.