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Nonprofit Board Governance

Members of the corporate board of directors, whether they be a for-profit company or a non-profit organized as a public benefit, mutual benefit, or religious entity are the “fiduciaries” responsible for steering the organization towards a sustainable future. They do this by adopting sound, ethical, and legal governance policies, ensuring that financial management practices are […]

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Fiduciary Responsibilities of the Board of Directors

One of the main responsibilities of board members is to maintain financial accountability of the organization. Board members act as trustees of the organization’s assets and must exercise due diligence to oversee that the organization is well-managed and that its financial situation remains sound. What does fiduciary mean? Fiduciary duty requires board members to stay […]

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