Day: May 27, 2021

The Board shall establish and appoint chairpersons to relevant committees and delegate specific mandates to such committees as may be necessary including internal audit, risk management, remuneration, Board nominations, finance, investments, and governance. However, the Board shall remain accountable for the acts or omissions of such committees. The Board shall also ensure that the committees…

Nonprofit boards have a lot of responsibility. The biggest duties of a board are maintaining the fiduciary integrity of the organization, making sure the organization is achieving mission goals, and managing the employment of the CEO (if there is one). We can think of nonprofit board governance as the guidelines the board uses to accomplish…

Board papers are a key source of information for board members and then form the official record and audit trail alongside the minutes. Directors have a duty to keep themselves informed about the matters put before them for decision. It’s not possible to comply with this duty unless they have relevant briefing material upon which…

Board meeting minutes record the board of director’s actions and decisions. They serve as an official and legal record of nonprofit board meetings, which means they should include more than a simple overview of discussions. Taking good meeting minutes at a board meeting is an important and fulfilling role. Board meeting minutes are more than a…

On appointment to the Board and to Board committees, all Directors will receive a comprehensive induction on their individual requirements (where applicable) in order to become as effective as possible in their role within the shortest practicable time. These skills and knowledge shall be updated at regular intervals. The induction will be designed by the…

A company’s board of directors is collectively responsible for leading and directing its affairs in order to promote its success. To fulfill this role, the entire board must be well informed about current and likely future performance. This information is routinely communicated through the Board Report, which is typically a paper or electronic document circulated…