Get Your Governance Right: The Seven Basic Responsibilities of a Nonprofit Board
In this edition of Key Wealth Matters, Host Tracey Collins sits down with Elizabeth Voudouris, President and CEO of Business Volunteers Unlimited (BVU), a nonprofit organization in Northeast Ohio. Since 1993, Elizabeth has provided consulting, training and executive coaching services to hundreds of nonprofits and more than 450 individuals annually. Her organization, BVU, also works to strengthen the management and governance of nonprofit organizations across the region by involving thousands of volunteers from the community, engaging thousands of business professionals on nonprofit boards, and providing leading-edge board and management consulting and training services.
Nonprofit organizations are often on the frontlines of complex issues facing the community. It’s critical for organizations to attract board members with diverse skills and talents to lean into these issues and take advantage of the opportunities that will enable them to fulfill their unique mission. Listen in, and hear about the seven key responsibilities of a nonprofit board and the key strategies that help nonprofits thrive.
Speakers:
Tracey Collins, CFP®, Senior Relationship Manager, Key Private Bank
Elizabeth “Biz” Voudouris, President and CEO of Business Volunteers Unlimited
- 00:53 – An overview of the history and mission of Business Volunteers Unlimited
- 02:08 – The key differences between nonprofit boards and a for-profit company board
- 03:20 – An explanation of each of the seven basic areas of responsibility for nonprofit boards.
- 14:02 – Steps that listeners can take today to help communicate a clear understanding of board member responsibilities.
Additional Resources: