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Nonprofit Governing Board Analysis

Nonprofit Governing Board Analysis

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The financial responsibility of a nonprofit governing board includes its ability to achieve the organization’s mission over time. How does the board and CEO/executive director address each of the following?
• Oversight by state and federal regulators;
• Identifying and managing financial risk;
• Management of finances and fiduciary oversight;
• Communicating financial transparency.
The Board’s approach:
• Oversight by state and federal regulators;
When there is an evident oversight in the position of the regulators, it is essential for the board to pull things back together. The manner in which the fiduciary duty is applied varies from state to state. (Cornell Law, 2017). Some courts have not required officers of a charity to abide by

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