Governance

The board is the accountable and liable body for the organization.

Bylaws form a legally binding document that outlines the organizational authority levels, how the board functions, and how it is structured.

One of the legal obligations for board members is a duty of loyalty. One aspect of this duty expects board members to keep confidential issues confidential.

Reserves have been a topic long debated amongst management and boards alike. What are reserves? What’s so important about reserves? How much is enough? These are hard questions to answer.

A gift acceptance policy explains an organization’s position on accepting both cash and non-cash gifts and outlines any prohibitions on the type of donor or donations to be accepted by the organiza

The board must ensure adequate resources to allow the organization to carry on its mandate. Financial resources feed into the health and stability of the organization.

The purpose of the general liability insurance is to pay for damages that the organization is liable for and to cover legal costs for its defense.

As you work with confidential financial data and personal information performing your daily business tasks, follow these straightforward guidelines to help maintain information security and be a mo

By incorporating your nonprofit you create a legal entity whose primary function is to provide limited personal liability protection to those managing the organization.

Board members must realize they have personal expectations and responsibilities for their board service.

To protect the organization, itself, and its members, the board must start by following the legal obligations common to all boards: duty of care, duty of loyalty, and duty of obedience.

A board officer is a board member with additional duties and responsibilities. State laws stipulate which officer positions a nonprofit must have.