Board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as making sure the nonprofit has adequate resources to advance its mission.
One of the most important responsibilities for many boards is to hire and set the compensation of a talented CEO/executive director to run the day-to-day management activities of the organization. When there are paid staff in place, rather than steer the boat by managing day-to-day operations, board members provide foresight, oversight, and insight: think of them as up in the crow's nest scanning the horizon for signs of storms or rainbows to explore, perhaps with a pot of gold at the end! Yes, board members - your role as stewards of the nonprofits DOES involve fundraising. And...at the National Council of Nonprofits we are big promoters of the important role board members play as advocates for the nonprofit's mission.
Did you know? The vast majority of board members for charitable nonprofits serve as volunteers without any compensation.
Should your nonprofit's CEOs also be a board member? (BoardSource)
What’s the role of the board of directors of a nonprofit corporation? Just as for any corporation, including nonprofit corporations, the board of directors have three primary legal duties known as the “duty of care,” “duty of loyalty,” and “duty of obedience.”
10 Basic Responsibilities of Board Members (BoardSource)
Roles and responsibilities of the first board of directors: VIDEO (NEO Law Group)
What's the difference between "board of directors" and "trustees"? (CharityLawyer)
¿Cuáles son las responsabilidades legales de una junta directiva sin fines de lucro? (GrantSpace)
In sum, these legal duties require that nonprofit board members:
Take care of the nonprofit by ensuring prudent use of all assets, including facility, people, and good will; and provide oversight for all activities that advance the nonprofit’s effectiveness and sustainability. (legal "Duty of due care")
Make decisions in the best interest of the nonprofit corporation; not in his or her self-interest. (legal "Duty of loyalty")
Ensure that the nonprofit obeys applicable laws and acts in accordance with ethical practices; that the nonprofit adheres to its stated corporate purposes, and that its activities advance its mission. (legal "Duty of obedience")
- See more at: https://www.councilofnonprofits.org/tools-resources/board-roles-and-responsibilities#sthash.7eo0uAB7.dpuf