The role of boards of nonprofits is essential to the governance of nonprofits. They’re responsible for strategic planning and oversight, and financial stewardship. The Board is responsible for ensuring the organization’s transparency with donors and community members. This is not a simple task. The Board has many responsibilities, that require a substantial commitment of time and effort from the board. It is essential to have the appropriate people on your Board.
A great board is made up of people with different backgrounds, skills, and perspectives aligned with the mission of the company. This provides the Board with a broad range of knowledge and expertise to make informed decisions and guide the organization in the right direction. The Board must periodically assess its effectiveness and performance, and provide ongoing training.
The Board must be focused on detail and have a good understanding of the larger picture. This includes looking at how closely the financial activity relates to the budget and assessing how much programs and services cost and whether or not the costs are appropriate, and setting up appropriate internal controls to avoid loss, theft, or confusion.
The Board should be prepared as ambassadors and advocates of the organization. They should aid the Executive Director to create and manage the public brand for the organization. They should be available to the community and media and be willing to speak on behalf of the organization whenever needed.
