We continue our series on the three fundamental charity board responsibilities. Last week we discussed issues related to the duty of loyalty. This time we would like to focus on the duty of care.
Charity governing boards are an essential part of an organization’s oversight practices. Various guidebooks produced by state government regulatory authorities point to three fundamental board responsibilities:
Though charitable causes drive social change, their success depends on the support of numerous stakeholders, including volunteers, donors, board members, and employees.
Recent news reports about the bravery of fallen firefighters and the shooting of police when addressing domestic incidents brings attention and sympathy to these public servants.
One of the BBB Standards for Charity Accountability (Standard 3) calls for charity governing boards to meet no less than three times per year with a majority in attendance on average at those meetings.
The COVID-19 pandemic has revealed how social and economic disparities can have urgent consequences, leaving those with fewer resources dangerously vulnerable.