Commercial and Nonprofit Boards of Directors

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It is crucial to understand the responsibilities and scope of each position before applying to be a board member or director. A board that is functional will be more efficient by having clear roles.

The majority of nonprofit boards are composed of volunteers who donate their time in support of or direct tasks to fulfill their mission. They also play the role of an authoritative governing body. The board might also have committees that take on a large part of its duties, and help improve its productivity and efficiency.

A typical structure comprises the following: Fundraising Committee, Governance Committee, Finance or Audit/Risk Committee, Nominating Committee and other Ad-Hoc committees. Each organization may have its own committee structure.

In addition, many nonprofit organizations have a President or CEO/Executive Director who has a managerial role, and is not considered as a member of the board of directors. Many believe that both positions are identical but the reality is that the position of the President is a governance role and the position of the CEO/ED is a managerial job.

The best way to recruit members is to proactively look for community members who have the skills, insight and networks to benefit your organization. Nonprofits can locate potential candidates via a variety methods including a matching program, networking events and platforms such as LinkedIn. Nonprofits should also have a process for onboarding and training new members on their specific duties. Finally, nonprofits should have strong governance policies for board members in place as well as D&O insurance coverage to mitigate their risk and ensure their success.

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