Indiana Nonprofit — Conduct Policies for Board Members are a crucial aspect of governing and ensuring the ethical practices of nonprofit organizations in the state of Indiana. These policies outline the expectations and responsibilities of board members in order to maintain accountability and promote the organization's mission and values. 1. Code of Ethics: A commonly seen type of conduct policy, a Code of Ethics explicitly defines the ethical principles and standards that board members must adhere to. This policy ensures that board members act with integrity, honesty, and professionalism in their decision-making processes and interactions. 2. Conflict of Interest Policy: This policy addresses situations where board members may have personal interests that could potentially influence their decision-making in favor of their own interests instead of the nonprofit's. It establishes measures to identify, disclose, and manage any potential conflicts, emphasizing transparency and the requirement to act solely for the organization's benefit. 3. Confidentiality Policy: Recognizing the sensitive nature of nonprofit organizations' operations, this policy requires board members to maintain strict confidentiality regarding discussions, strategic plans, financial matters, and other proprietary information. It ensures that confidential information remains secure, trust is preserved, and any unauthorized disclosure is prevented. 4. Whistleblower Policy: Supporting a culture of accountability and transparency, the Whistleblower policy provides protection to board members who report unethical behavior, financial improprieties, or any other organizational irregularities. It establishes a mechanism for reporting, investigating, and addressing concerns in a confidential and impartial manner. 5. Anti-Discrimination and Harassment Policy: This policy underscores a commitment to providing a safe, inclusive, and respectful environment for all individuals involved with the organization. It prohibits discrimination, harassment, or any form of inappropriate behavior based on characteristics such as race, gender, religion, disability, or age, setting clear guidelines for acceptable conduct and outlining reporting procedures. 6. Governance and Leadership Policy: This policy encompasses the role, responsibilities, and expectations of the board members regarding their fiduciary duties, strategic planning, oversight functions, fundraising activities, and their role in maintaining the organization's reputation. It ensures board members understand their obligations and promotes effective governance practices. In conclusion, Indiana Nonprofit — Conduct Policies for Board Members encompass a range of guidelines and expectations that govern the behavior and responsibilities of individuals serving on a nonprofit organization's board. These policies serve as fundamental frameworks to ensure professionalism, integrity, ethical decision-making, and accountability for the betterment of the nonprofit sector in Indiana.
Indiana Nonprofit - Conduct Policies for Board Members
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The basics Just as for any corporation, the board of directors of a nonprofit has three primary legal duties known as the ?duty of care,? ?duty of loyalty,? and ?duty of obedience.?
The only limitation for the size of a board of directors in Indiana is the requirement of a minimum of three members. The size of the board may exceed fifty members, depending on the size of the organization it is governing and the number of tasks set out before it.
A code of conduct guides the behavior of your board members, and it serves as a set of principles to guide their decision-making and other activities. Your code of conduct policy ensures that your board members are accountable for the decisions and choices they make.
Table of contents Failing to Understand Fiduciary Duties. Failing to Provide Effective Oversight. Deference to the Executive Committee, Board Chair, or the Organization's Founder. Micro-managing Staff. Avoiding The Hard Questions. Insufficient Conflict Management. Lack of Awareness of Laws Governing Tax-Exempts.
Top 10 Nonprofit Board Governance Mistakes Failure to Understand Fiduciary Duties. ... Failure to Provide Effective Oversight. ... Deferring to a Founder. ... Failure to Stay in Your Lane. ... Failure to Adopt and Follow Procedures. ... Failure to Keep Good Records. ... Lack of Awareness of Laws Governing Nonprofits.
A board of directors has three formal responsibilities. They are to oversee the management of the company, to approve corporate strategy, and to make sure the financial statements are accurate. In order to do these things, they need to be able to understand financial statements and have knowledge of business law.
Refusing to accept or complete tasks. failing to disclose conflicts of interest. monopolizing board discussions, or simply not participating in the conversation at all. behavior disrespectfully toward the board president and other members.
A conflict of interest exists when a member of the nonprofit board has a personal interest that may influence them when making decisions. While the law focuses primarily on financial interests and provides some guidelines, nonprofit organizations contend with various potential and perceived conflicts of interest.
Just as for any corporation, the board of directors of a nonprofit has three primary legal duties known as the ?duty of care,? ?duty of loyalty,? and ?duty of obedience.?
?There are the obvious ones, like 'Thou shalt not steal from the building's funds' ? which unfortunately some board members still violate ? to the slightly-less egregious, like engineering board votes to benefit your own interests, such as those involving contracts with a vendor that you control ? which is often okay, ...
