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Overview of a Board Governance Committee
The job of a Board Development Committee (more progressively referred to as the Board Governance Committee) is to ensure that the operations of the Board are always high quality in meeting all of the responsibilities of a Board of
Directors. The Committee is similar to the mechanic who ensures that the operations of the automobile are always high-quality, but the mechanic does not always drive the car for the owner. Typical recurring annual priorities of the Governance Committee are to ensure best practices in Board operations, and should include to:
1. Ensure new Board systems (new members, committees, work plans, etc.) are
successfully incorporated into Board operations.
2. Ensure Board is fully resourced to govern the organization.
3. Ensure full participation and dedication of all Board members to the organization.
4. Ensure all Board meetings are highly-focused and strategic.
5. Ensure the Board leadership rigorously monitors implementation of work plans.
6. Ensure continuous improvement of the Board.
The Committee should have a work plan that itemizes these, or very similar, annual goals and also associated objectives with each goal such that when the objectives are achieved in total, they also will have achieved its respective goal. When committees do not have work plans, they often flounder in finding valuable and focused means to provide value to the Board. Unfortunately, in these situations, many Board mistakenly conclude that “committees do not work”, or they reduce the number of committees, thinking that inactive committees were because there were too many — rather than realizing that committees can be extremely useful when focused on the most important annual recurring goals.
It was common that a Board had a Nominating Committee whose job was to ensure that the Board always had highly suitable candidates and that those candidates were highly equipped to be effective Board members. Many Boards are realizing that that critical role should be closely integrated into all of the very important activities to ensure an overall high-quality Board. Thus, the typical activities of the nomination function are often included into the standard responsibilities of the Governance Committee.
Additional Perspectives on Governance Committees
Understanding the Role of the Governance Committee
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Vast majority of content in this topic applies to for-profits and nonprofits. This book also covers this topic.
Overview of a Nonprofit Fundraising Committee
This Committee provides guidance, oversight and support to all major forms of donor planning, development, management and reporting. Unfortunately, many Boards believe that this Committee’s members are responsible to do all of the fundraising along with staff members. Instead, it is much more beneficial if the Board sees this Committee’s job as ensuring that all activities to raise funds from donors are always done in the most strategic, planful and systematic ways. The results of the Committee’s work should be included in a Fundraising Plan that is formally approved by the Board. The Committee should ensure that the implementation of the Plan includes all members of the Board as well as key staff members. Typical recurring annual goals of this Committee might include to:
From prospect research, suggest the percentage desired mix of donors, among individuals, corporations, foundations and government.
Identify specific potential donors for each mix and how to approach each.
Develop action plans, including who will approach each donor and by when.
Ensure all Board and key staff members are trained with talking points about how to approach their respective donors.
Ensure the organization sufficient has administrative and data base resources to administrate donations.
Establish a Fundraising Plan containing information from goals 1-6, and ensure the Board monitors the status of that Plan.
The Committee should have a work plan that itemizes these, or very similar, annual goals and also associated objectives with each goal such that when the objectives are achieved in total, they also will have achieved its respective goal. When committees do not have work plans, they often flounder in finding valuable and focused means to provide value to the Board. Unfortunately, in these situations, many Board mistakenly conclude that “committees do not work”, or they reduce the number of committees, thinking that inactive committees were because there were too many — rather than realizing that committees can be extremely useful when focused on the most important annual recurring goals.
Additional Perspectives on Nonprofit Fundraising Committees
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Learn More in the Library’s Blogs Related to This Topic
In addition to the articles on this current page, also see
the following blogs have posts related to this topic. Scan
down the blog’s page to see various posts. Also, see the section
“Recent Blog Posts” in the sidebar of the blog or click
on “next” near the bottom of a post in the blog. The
the blog also links to numerous free related resources.
To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.
Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.
Vast majority of content
in this topic applies to for-profits and nonprofits. This book also covers this topic.
Overview of a Board Finance Committee
The Board Finance Committee is a usually standing committee chartered to guide,
oversee and support the financial and tax practices of the organization, including
approval and conformance regarding up-to-date fiscal policies and procedures;
development of the annual budget; and ensuring accurate tracking and analysis
of financial highlights, trends and issues. It also ensures conformance to relevant
financial and tax rules and regulations, as well as standards of accounting.
Typically annual recurring goals of this committee might be to:
Ensure conformance to relevant rules and regulations affecting financial
management and taxes, e.g., IRS and Sarbanes Oxley.
Ensure accuracy and efficiency of financial management by reviewing and
updating the fiscal policies and procedures, and training all Board members
and relevant leaders about the policies and procedures.
Train other Board members and leaders in the organization how to analyze
financial data and make appropriate decisions.
Ensure organizational sustainability by developing appropriate budgets
(operating, product/program-based, etc.) that are approved by the Board.
Ensure ongoing effectiveness and efficiency in management of financial
resources with timely generation and analysis of relevant financial information.
Ensure effectiveness and focus of revenue development by establishing revenue
targets for each product/program where appropriate.
Ensure sufficient protection of assets, including through risk assessment
and responding strategies, e.g., insurance protection and sound cash management.
The Committee should have a work plan that itemizes these, or very similar,
annual goals and also associated objectives with each goal such that when the
objectives are achieved in total, they also will have achieved its respective
goal. When committees do not have work plans, they often flounder in finding
valuable and focused means to provide value to the Board. Unfortunately, in
these situations, many Board mistakenly conclude that “committees do not
work”, or they reduce the number of committees, thinking that inactive
committees were because there were too many — rather than realizing that committees
can be extremely useful when focused on the most important annual recurring
goals.
Learn More in the Library’s Blogs Related to This Topic
In addition to the articles on this current page, also see
the following blogs have posts related to this topic. Scan
down the blog’s page to see various posts. Also, see the section
“Recent Blog Posts” in the sidebar of the blog or click
on “next” near the bottom of a post in the blog. The
the blog also links to numerous free related resources.
To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.
Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.
Learn More in the Library’s Blogs Related to This Topic
In addition to the articles on this current page, also see
the following blogs that have posts related to this topic. Scan
down the blog’s page to see various posts. Also see the section
“Recent Blog Posts” in the sidebar of the blog or click
on “next” near the bottom of a post in the blog. The
blog also links to numerous free related resources.
To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.
Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.
Learn More in the Library’s Blogs Related to This Topic
In addition to the articles on this current page, also see
the following blogs that have posts related to this topic. Scan
down the blog’s page to see various posts. Also see the section
“Recent Blog Posts” in the sidebar of the blog or click
on “next” near the bottom of a post in the blog. The
blog also links to numerous free related resources.
To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.
Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.
Learn More in the Library’s Blogs Related to This Topic
In addition to the articles on this current page, also see the following blogs that have posts related to this topic. Scan down the blog’s page to see various posts. Also see the section “Recent Blog Posts” in the sidebar of the blog or click on “next” near the bottom of a post in the blog. The blog also links to numerous free related resources.
To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.
Also, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.
Learn More in the Library’s Blogs Related to This Topic
In addition to the articles on this current page, also see
the following blogs that have posts related to this topic. Scan
down the blog’s page to see various posts. Also see the section
“Recent Blog Posts” in the sidebar of the blog or click
on “next” near the bottom of a post in the blog. The
blog also links to numerous free related resources.
To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.
Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.
Learn More in the Library’s Blogs Related to This Topic
In addition to the articles on this current page, also see
the following blogs that have posts related to this topic. Scan
down the blog’s page to see various posts. Also see the section
“Recent Blog Posts” in the sidebar of the blog or click
on “next” near the bottom of a post in the blog. The
blog also links to numerous free related resources.
To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.
Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.
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