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January 2007
By Hugh Lindsay, FCA, CIP What are my responsibilities as a director of a not-for-profit organization? As a member of a board of directors you share overall responsibility for everything the organization does. As a general rule you should look after the organization and its resources and liabilities at least as carefully as if they were your own. That’s “stewardship” – management on behalf of others. The board is required to maintain a system of governance that will support its stewardship responsibilities. Not-for-profit organizations are very diverse and their expectations of directors can vary widely. In most cases, directors of not-for-profits are volunteers who serve without compensation. 20 Questions Directors of Not-for-profit Organizations Should Ask about Governance identifies and briefly discusses the key areas of governance in a not-for-profit organization. As such it can be useful, not only to prospective, new and experienced directors, but also to nominating committees and the organizers of director orientation and training sessions. This overview document is the first of a series of briefings for directors on specific aspects of not-for-profit governance. Purchase a hard copy Download a soft copy |