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The fiduciary duty of care requires board members of corporations (including churches) to act in the best interest of the organization and its stakeholders. They must exercise reasonable care and diligence when making decisions on behalf of the organization. Financial oversight is fundamental to this duty. It ensures that the organization has adequate resources, follows sound financial practices, and complies with relevant laws and regulations.
The bar for board performance and accountability is rising.
As the holiday lights twinkle and carols fill the air, a different kind of excitement hums beneath the surface. It's the buzz of possibility, the thrill of a fresh start – and for non-profits, it's the promise of a 2024 fueled by boardroom breakthroughs.
In the passionate world of non-profits, where every effort ripples towards positive change, employee performance truly holds the key to unlocking impactful missions. Building a strong performance management system isn't just a box to tick; it's nurturing a culture of growth, feedback, and shared success.