Lots of boards ask me to help them understand what their work really is. I often refer to a list that BoardSource created a few years ago that has become a reference in our sector.
Here's the list. I'll be discussing these responsibilities in my upcoming blog posts. There's lots to talk about here! What do they really mean? How do you implement them?
Ten Basic Responsibilities of Nonprofit Boards From BoardSource
- Determine the organization's mission and purpose. It is the board's responsibility to create and review a statement of mission and purpose that articulates the organization's goals, means, and primary constituents served.
- Select the chief executive. Boards must reach consensus on the chief executive's responsibilities and undertake a careful search to find the most qualified individual for the position.
- Provide proper financial oversight. The board must assist in developing the annual budget and ensuring that proper financial controls are in place.