One of the most important responsibilities of a nonprofit board is fiscal oversight. Yet many board members remain unclear about what exactly that means. Nonprofit Risk Management Center's webinar, Fiscal Oversight, Risk and the Nonprofit Board, explores the board’s role in providing fiscal oversight and risk oversight. Learn how to inspire your board to strengthen its governance practices.
There are board chairs and there are great board chairs. Being a conscientious board member is in itself a challenging, time-consuming job. But becoming the chair of the board means a lot more responsibility (also available in Spanish).
Some do's and don'ts for leading through effective board governance (also available in Spanish).
An audit committee is considered a best practice for nonprofits. It helps the governing board perform its fiduciary and financial oversight roles, reduce risk, and maintain donor confidence.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the North Carolina Center for Nonprofits, www.ncnonprofits.org.
Additional resource:
Healthy nonprofit organizations employ financial management practices that build stability and flexibility both today and in the future. In Nonprofit Finance: 12 Golden Rules, Propel Nonprofits sets out the twelve golden rules for nonprofit finance, including budgeting, diverse funding sources, and interdependence.
What should a board do once it suspects or has discovered evidence of embezzlement? Clifford Perlman details the responsibilities of the board when funds go missing. (Nonprofit Quarterly)
When Funds Go Missing, What Can You Do? What Must You Do?
Joan Garry was the keynote speaker at the Center's 2017 Conference for North Carolina's Nonprofits, Embracing Uncertainty, where she also presented the concurrent session, “How to Create a Five-Star Elevator Pitch.” In anticipation of her visit to North Carolina, she shared a few thoughts with the Center.