The board is responsible for “all aspects of the organization, including overseeing its operations and holding management accountable for delivering on the mission of the organization.”1
While the board oversees all aspects of the nonprofit’s management and operations, individual directors also have responsibilities. Directors are obliged to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances (“duty of care”) and act honestly and in good faith in the best interests of the organization (“fiduciary duty”.)2…