You’ve been asked by a nonprofit organization to join its Board of Directors. With that comes a tremendous level of responsibility that goes beyond just

At its most basic level, a related party is one that is either directly or indirectly able to significantly influence or control another party. Thus,

Boards of directors function in interesting ways. Whenever a group of people closely interact, collaborate, form joint decisions, vote, and are held accountable, there exists

There are generally two types of committees; committees of the Board and committees of the organization. Committees of the Board have the ability to take

Every member of the Board of Directors has important responsibilities that are unique to his/her position on the Board. It is important that each member

There is always a question as to where a Board’s responsibilities end and management’s starts. There are no hard and set rules; what works for

Behind every successful nonprofit organization is a Board of Directors that implements and follows best practice policies and procedures. Such policies help to ensure that

1. Define the organization’s mission and purpose. It is the Board’s responsibility to define and review the organization’s statement of mission and purpose, which lays out

Each Board member, in accepting a position on the Board, agrees to certain duties: the duty of care, the duty of loyalty, and the duty

Board members will likely have different interpretations as to what is expected from them in their roles. In many cases, not all Board members know