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March 2008
By Hugh Lindsay, FCA, CIP The sustainability of a not-for-profit organization – its ability to continue and fund its activities year after year – is a major responsibility of the board. Directors need to understand why the organization exists, the interests of its stakeholders and how it manages the risks it faces. They should also be actively involved in the development and approval of its strategy. The second in the RMGB’s Not-for-Profit Organizations Series, 20 Questions Directors of Not-for-profit Organizations Should Ask about Strategy and Planning was written to help members of not-for-profit boards of directors understand their responsibility for strategy, planning and budgeting. It is intended primarily to help not-for-profit directors understand the role of the board in developing and approving strategy, plans and budgets, the reasons for planning and budgeting and the processes by which strategies, plans and budgets are typically developed and approved. Purchase a hard copy Download a soft copy |
