I was recently reading the 2020 ASAE’s Board Brief and was fascinated by the chapter on governance and the research done by their Foundation on the subject matter.
The data’s interesting and they broke it down into the following areas:
Policies and Procedures – make sure your manuals are well documented and followed.
Structure and Function – what is the size of your board and is it working as well as how man board meetings are you conducting a year?
Diversity Goals – do you have a plan and are you tracking your progress?
Self-assessment – are you surveying your board members and asking how they feel about their participation and effectiveness?
Performance Evaluation – do you have a formal reporting mechanism to your board or membership of the results?
Goal Setting – do you set goals (think scorecards) as a way of tracking your goals?
Preparation and Training – are you conducting that board orientation for new board members outlining their responsibilities: Duty of Care, Loyalty and Obedience (which I’ve written about before and can be found HERE)? And are you giving outside training on how to read a nonprofit’s financial statements?
For the original source for the article go HERE.