Hillsborough Florida Nonprofit - Conduct Policies for Board Members

Name: Hillsborough Florida Nonprofit - Conduct Policies for Board Members
Brand: US Legal Forms
Rating: 4.69 (321 reviews)

Category:

Corporations - Nonprofit

State:

Multi-State

County:

Hillsborough

Control #:

US-ENTREP-0021-1

Format:

Instant download

Description

Under wellestablished principles of nonprofit corporation law, a board member must meet certain standards of conduct and attention in carrying out his or her responsibilities to the organization. Several states, in fact, have statutes adopting some variation of these duties that would be used in court to determine whether a board member acted improperly. These standards are usually described as the duty of care, the duty of loyalty, and the duty of obedience.

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Policy is the voice of the board. Boards are responsible to thoughtfully deliberate issues and policy proposals. They are responsible to be alert to the need for new or changed policy. Trustees should be willing to devote the time and study necessary for a thorough and thoughtful exploration of issues and options.

Policies are usually longer than bylaws. While policies pertain to the details, the bylaws are high-level. Bylaws take precedent over policies, and policies must be in harmony (not conflict) with the bylaws. State policies should be written and shared with your Board of Directors.

Boards of directors of most large and mediumsized companies do not establish objectives, strategies, and policies, however defined. These roles are performed by company managements. Presidents and outside directors generally are agreed that only management can, and should have, these responsibilities.

Important Board Policies to Consider Board Member Agreement.Code of Conduct.Conflicts of Interest.Document Retention and Destruction.Family Educational Rights Privacy Act Policy.Gift Acceptance.Nondiscrimination.Whistleblower.

Policies define the purposes and prescribe in general terms. They create a framework within which the superintendent and other district staff can discharge their assigned duties. Policy is one way the board communicates what it wants of administration.

A classic definition of the difference between the board and administration is that the board sets policy and the administration carries it out. In studies of board effectiveness, the best boards are those that focus on broad policy concerns and do not involve themselves in the day-to-day work of the college.

Nonprofit boards should also consider developing policies and procedures for such issues as equal opportunity employment, anti-discrimination, disciplinary procedures, overtime policies, weekend pay, and flextime. In addition, they should consider such issues as drugs, alcohol, smoking, safety, and the dress code.

The following are governance policies every nonprofit should have: Conflict-of-interest policy.Budget policy.Executive compensation policy.Whistleblower protection policy.Fundraising policy.Donor privacy policy.Document and records retention policy.

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.

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Hillsborough Florida Nonprofit - Conduct Policies for Board Members

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