Turbocharge Your Board . Betsy Hills Bush Program Officer, Westchester Community Foundation Adjunct Professor, Pace University. Role of Board of Directors. Legally responsible for the organization “A corporation shall be managed by its board of directors.”
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Betsy Hills Bush
Program Officer, Westchester Community Foundation
Adjunct Professor, Pace University
Article 7, sec 701, New York State Non Profit Corporation Code
IRS new 990 form pointedly asks if board has reviewed financial information, compensation reviews.
According to Fisher Howe¹, who wrote the definitive work “Welcome to the Board”, the seven responsibilities are:
¹ Howe, Fisher. "Welcome to the Board: Your Guide to Effective Participation" by Jossey-Bass, 1995
Twilight of the powerful board of directors?
Source: Giving USA 2009
Step by step instructions from the Web site
Citizens Media Law Project:
Step 1: “Write out your mission”
Step 2: “Figure out your fund raising plan”
Step 3: “Choose a business name”
Step 6: “Recruit and appoint a board of directors”
“You’re asking me to serve on the board as a favor, and yet I’m the one whose legally responsible for documents filed with government agencies.”
“All you want is my money. You don’t want my opinion on anything.”
“You recruited me for my expertise, but you expect me to sit quietly at meetings and rubber stamp reports.
“Education is the civil rights issue of our time.”
“The wonderful thing about education is that no one can take it away from you.”