Steering Your Board toward Good Governance and Ethical Practice

Posted on 09/01/11

Please join us for a monthly morning session exploring the critical principles and practices for effective Nonprofit Governance. Some of the main objectives covered include:

Essential legal compliance issues related to laws and regulations, code of ethics, conflicts of interest and protection of assets.
Essential Board responsibilities that include fiscal and governance polices, key financial transactions, annual budget and reviewing and approving mission and strategic direction.
Importance of Board independence and associated legal and compliance issues.
Risks of “interlocking financial relationships” among Board members and how these risks impact the organization.
Importance of segregation of duties and associated legal and compliance issues related to the separation of CEO, Board Chair and Board Treasurer.
How to maintain complete, accurate, and current financial records and associated legal and compliance issues.

This is a year-long series to cover the 33 principles discussed in the Independent Sector’s Panel on the Nonprofit Sector’s “Principles of Good Governance and Ethical Practice.” Each session is designed as an interactive discussion with examples of policies and procedures for each of the principles.

This month we will discuss:

Information Management