Governance
A well-governed nonprofit is more attractive to donors and less of a target for government audits. So, it is critical that nonprofit officers, directors and/or trustees understand their duties of loyalty, care and obedience.
Good corporate practices and procedures can help manage risk and may reduce liability.
I advise nonprofit clients with respect to a variety of governance issues, such as:
- Board composition and duties
- Maintaining good board minutes and resolutions
- Bylaws
- Ethical obligations for interactions with a nonprofit organization
- Advantages and disadvantages of an Advisory Committee
- Appropriate types of committees and structures
- Relevant board and organizational policies
- Conflicts of interest policy
- Gift acceptance and naming rights policies
- Investment policy
- Codes of conduct/whistleblower policies
- Document retention policy
- Cybersecurity policy
- Media policy
- Procurement policy