Nonprofit Organizations Case Study
SAGES: Exploring Nonprofit Organizations
Worksheet on Board Governance Total_______/100
Name: Michal Jastrzebski
Based on your readings, on Blackboard, on board governance, please answer these questions in complete sentences.
1. Why is being a board member a serious responsibility? Give at least two reasons, explaining them in complete sentences. [10 points per reason; 20 points total]
Being a board member is a serious responsibility because these people have to safeguard the organization and its resources so that only mission related initiatives are realized. By serving on behalf of the community, board members also have to make decisions that help the organization prosper. They do this by providing guidance and oversight on different …show more content…
Indicate at least one of the “Principles for Good Governance and Ethical Practice” that is part of the “duty of care.” Summarize the principle, indicating its number, and explain in your own words why you selected this principle. Write at least two complete sentences [10 points].
Principle 15 of “Principles for Good Governance and Ethical Practice” is a good example of “duty of care.” In summary, this principle says that board members have to implement as system that can allow for easy communication and transfer of knowledge. This is important because board members have to be well informed about all programs, and responsibilities so that they can effectively carryout their oversight duties.
4. Explain in your own words what is meant by “duty of loyalty.” Write at least two complete sentences. [10 points]
Duty of loyalty refers to the idea that board members should put the interests of their organization before their personal interests. When a conflict of interest emerges, board members should disclose their predicament and abstain from any interest related decision making. Board members have to be loyal to the organization even if they will be negatively affected by a …show more content…
This way their wont be any surprises later on when conflict-of-interest issues arise. Board members will be better equipped to make the right decision that favors the organization
6. Explain in your own words what is meant by “duty of compliance.” Write at least two complete sentences. [10 points]
Duty of compliance is a fiduciary obligation that involves adhering to the organizations’ governing documents, reporting requirements, as well as, state and federal regulations. In essence, board members have to follow and respect all governing rules and regulations so that the organization succeeds in fulfilling its mission statement.
7. Indicate at least one of the “Principles for Good Governance and Ethical Practice” that is part of the “duty of compliance.” Summarize the principle, indicating its number, and explain in your own words why you selected this principle. Write at least two complete sentences [10
Worksheet on Board Governance Total_______/100
Name: Michal Jastrzebski
Based on your readings, on Blackboard, on board governance, please answer these questions in complete sentences.
1. Why is being a board member a serious responsibility? Give at least two reasons, explaining them in complete sentences. [10 points per reason; 20 points total]
Being a board member is a serious responsibility because these people have to safeguard the organization and its resources so that only mission related initiatives are realized. By serving on behalf of the community, board members also have to make decisions that help the organization prosper. They do this by providing guidance and oversight on different …show more content…
Indicate at least one of the “Principles for Good Governance and Ethical Practice” that is part of the “duty of care.” Summarize the principle, indicating its number, and explain in your own words why you selected this principle. Write at least two complete sentences [10 points].
Principle 15 of “Principles for Good Governance and Ethical Practice” is a good example of “duty of care.” In summary, this principle says that board members have to implement as system that can allow for easy communication and transfer of knowledge. This is important because board members have to be well informed about all programs, and responsibilities so that they can effectively carryout their oversight duties.
4. Explain in your own words what is meant by “duty of loyalty.” Write at least two complete sentences. [10 points]
Duty of loyalty refers to the idea that board members should put the interests of their organization before their personal interests. When a conflict of interest emerges, board members should disclose their predicament and abstain from any interest related decision making. Board members have to be loyal to the organization even if they will be negatively affected by a …show more content…
This way their wont be any surprises later on when conflict-of-interest issues arise. Board members will be better equipped to make the right decision that favors the organization
6. Explain in your own words what is meant by “duty of compliance.” Write at least two complete sentences. [10 points]
Duty of compliance is a fiduciary obligation that involves adhering to the organizations’ governing documents, reporting requirements, as well as, state and federal regulations. In essence, board members have to follow and respect all governing rules and regulations so that the organization succeeds in fulfilling its mission statement.
7. Indicate at least one of the “Principles for Good Governance and Ethical Practice” that is part of the “duty of compliance.” Summarize the principle, indicating its number, and explain in your own words why you selected this principle. Write at least two complete sentences [10