Board of Directors Fiduciary Excellence
Join us as Sean facilitates this 5-part series covering all aspects of Fiduciary Excellence!Everyone is welcome!Although this course is aimed at nonprofit board members, everyone is welcome to attend. That includes leadership staff who want to understand board responsibilities and perspectives better as well as individuals who do not currently serve on boards.Join us for this five-week course for boards to dig deep on nonprofit financial best practices, help them avoid pitfalls and permit them to make a strong overall contribution to the organization they serve.Nonprofit Austin reserves the right to postpone this learning opportunity if there is inadequate registration.Week 1: Core roles and duties:-Legal requirements of all board members (quoting TX law)-Legal liability-Horror stories (Family Connections, my mom, etc.)-D&O Insurance-Treasurer role-Chair’s role-Finance Committee role (briefly; more next week)Week 2: Relationship with staff – getting it right; adding value:Board relationship with staff-Executive Director-Accounting and finance staff-Power dynamics and the importance of clear rolesFinance Committee Role-Adding value to the board-Adding value to the staff-Overperforming and underperformingWeek 3: Financial ReportsWhy read the financial reports? Plus, how to read the financial reports-Balance Sheet-Profit and Loss-Materiality (what to worry about and what not to worry about)-Dashboards-Inclusion-Engaging the full board in financial decisionsWeek 4: Fraud […]