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4) Board members should value diversity and understand the role of participation and inclusion in the future success of the organization’s work. 5) To demonstrate their personal stake in the organization, board members are expected to volunteer time, raise external funds and make financial contributions to the nonprofit. Board Responsibilities: 1) Board members should be provided with a clear job description, orientation to the work of the organization and ongoing training, and should fully understand their roles and responsibilities to the organization and to the public. 2) Board members should understand the content and significance of the organization’s financial statements and audit. 3) Boards should hold quarterly meetings (at a minimum) and expect regular attendance of members. 4) Board members are responsible for keeping suitably informed so they can actively participate in decision making. 5) Boards should organize committees as needed to effectively structure their roles and responsibilities. 6) Nonprofit board members are responsible to make decisions in the interest of the organization and no other party, including themselves. Each board should have a conflict-of-interest policy that includes a disclosure form, which is signed by board members annually, and procedures for managing conflicts of interest and handling situations in which public and private interests intersect. 7) Nonprofit board members are responsible for upholding the organization’s mission and using its resources wisely and in accordance with the law. 8) Board members are responsible for fully understanding their legal and fiduciary obligations and carrying out their responsibilities in the following areas: 1. Planning 2. Policy approval 3. Annual review of the CEO’s performance 4. Setting of compensation structure 5. Fundraising AmeriDisability July/August 2017 47


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