Board of Directors Basics
Serving as a volunteer director on the board of a nonprofit can be a very rewarding experience and a great way to give back to your community. If you are asked to join a board, or if you are a current board member wondering what your legal responsibilities are, these are some basic things you should know.
The role of the board of directors is to guide the organization to fulfill its stated mission and set strategic direction. It also provides legal, management and financial oversight. Small organizations that have few or even no employees may need a ‘hands on’ board that carries out all of the activities itself. Organizations with paid employees who perform the day to day activities will have a board of directors that takes a more supervisory role. Regardless of numbers of employees, individual directors are almost always expected to help with fundraising!
Each individual director owes a duty of care, a duty of loyalty and a duty of obedience to the organization:
Every director should be familiar with: