The Responsibilities of a Board Member

No matter how old or structure, every board has a set of primary responsibility. These include ensuring that the assets of the non-profit are utilized with care and protecting www.boardmeeting-software.blog/4-the-most-common-reasons-for-a-ceo-to-quit/ shareholders’ interests, and showing the utmost respect for governance rules even when they’re not in the person’s best interest.

Attendance at Meetings and Participation

It goes without saying that board members should be available to participate in meetings, whether in person or via the internet. This means reading the agenda prior to meeting and actively taking part in discussions and making decisions. It is also important that board members participate in committee activities to assist them in understanding and be involved in the work of the organization.

Financial Management

This includes preparing and reviewing budgets, managing reserve funds, and making sure that assessments are collected. To guide decisions and manage risks the board needs to be aware of the financial situation of the community.

Policy Compliance Documents / Documents that govern

This is among the most important responsibilities that requires an understanding of the documents that govern the community and an in-depth knowledge of the federal, state, and local laws. This ensures that the community is always in compliance, and that the board is able to make the right choices in the event of a crisis. It is also important to be able to answer questions from residents and address their concerns, and also enforcing rules when necessary.

Author: Dinda Aulia

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