What does a board do?

in

The Board of Directors has the legal responsibility and authority to manage the affairs of the nonprofit corporation. How this is defined in a particular organization depends in part on the size and complexity of the corporation. Generally, the Board of Directors carries out these responsibilities:

  • Sets the direction and makes the policies for the corporation
  • Raises money, or makes provision to have adequate resources available
  • Oversees the finances, including adopting the budget, ensuring that financial safeguards are in place, ensuring that taxes are paid and creditors are provided for
  • Adopts personnel policies
  • Hires, evaluates, and may terminate an Executive Director
  • Links the organization to its community by helping the nonprofit form relationships