The Board Of Directors: Role and Responsibilities. This is the first of a series of MBA Mondays posts on the topic of The Board Of Directors. I want to dig into the role and responsibilities of the Board as a way to kickoff this series. But first a few disclaimers.
1 Determine mission and purpose. 2  It is the board's responsibility to create and review a statement of mission and purpose that articulates the organization's goals, means, and primary constituents served. The Board Of Directors: Role and Responsibilities. This is the first of a series of MBA Mondays posts on the topic of The Board Of Directors. I want to dig into the role and responsibilities of the Board as a way to kickoff this series. But first a few disclaimers. I am not a lawyer and I am not giving out legal advice on this topic. A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors. It is often simply referred to as the board. Major Responsibilities of Board of Directors. BoardSource, in their booklet Ten Basic Responsibilities of Nonprofit Boards, itemize the following 10 responsibilities for nonprofit boards. (However, these responsibilities are also relevant to for-profit boards.). 1. Determine the Organization's Mission and Purpose. 2. Ten Basic Responsibilities of Nonprofit Boards. 1  Determine mission and purpose. 2  It is the board's responsibility to create and review a statement of mission and purpose that articulates the organization's goals, means, and primary constituents served. 3  Select the chief executive. In a for-profit corporation, the board of directors is responsible to the stockholders -- a more progressive perspective is that the board is responsible to the stakeholders, that is, to everyone who is interested and/or can be effected by the corporation.
http://www.bridgespan.org/Publications-and-Tools/Nonprofit-Boards/Nonprofit-Boards-101/Basic-Responsibilities-Nonprofit-Boards.aspx http://avc.com/2012/03/the-board-of-directors-role-and-responsibilities/ https://en.wikipedia.org/wiki/Board_of_directors http://managementhelp.org/boards/responsibilities.htm http://www.bridgespan.org/Publications-and-Tools/Nonprofit-Boards/Nonprofit-Boards-101/Basic-Responsibilities-Nonprofit-Boards.aspx http://managementhelp.org/boards/responsibilities.htm
board of directors roles and responsibilities