https://pleaseboard.com/10-cybersecurity-questions-that-boards-need-to-ask/
Nonprofit boards are a group of individuals who work together to oversee an organization. Regular meetings are held to decide on strategies, establish resources, and ensure oversight. Boards can also engage in philanthropic initiatives, such as fundraising and providing professional assistance in the form of pro bono to the non-profit.
Most states have a minimum of board members a nonprofit organization must have. Some even require the board is diverse to maintain their tax-exempt status. The requirement for diversity isn’t designed to be a political ploy however, it should be based on the absence of conflicts of interest or any other reason that would prevent a person from serving on a board of a non-profit organization.
The Board’s responsibilities include appointing committees and selecting and reimbursing the CEO, creating the budget, supervising legal issues, reviewing and approval of financial reports, determining the amount of compensation for senior staff and developing a strategic plan. Boards also help to represent the organization in the community and in discussions with government entities donors, media and.
Boards are not just required to appoint committees, pick and pay the CEO, and set the budget but also do due diligence on potential donors to make sure that they are trustworthy and are able to donate to nonprofits. They must also examine, approve and keep good minutes for each meeting. A properly functioning board will take its responsibilities seriously and will work together as a unit to succeed.
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