Fiscal Accountability
The most important governance role of a nonprofit’s board of directors is a fiduciary duty to ensure that the money the organization raises is spent wisely and ethically on programs directly related to the organization’s mission. When people donate money to a charity, they want to be assured that it is being invested responsibly. Furthermore, and no less importantly, conduct that is accountable and transparent earns employees’ trust and creates a positive organizational culture.
This course outlines strategies and practical next steps that can help a board or organizational staff assess whether an organization has sufficient safeguards in place to adequately manage the funding it receives.
