The Organization Manager 's Decisions Depend On The Boards Of Directors

958 Words Oct 29th, 2016 4 Pages
Nonprofit organization manager’s decisions depend on the boards of directors, the board of director members are responsible for overseeing and supporting nonprofit financial management, plans, and other decisions. The board members ensure the use of financial donations according with contributors’ agreement and the case mission statement. Therefore, a great system of safeguarding a legal or wise monetary management is through documentations, such as, financial policies. A conflict of Interest policy refers to the members involved in a conflict of interest; they disclose the conflict or the possible conflict and exclude board members, who are interested in voting on issues that are against the conflict of interest standards. Financial policies are designed to avoid conflicts or misunderstanding (Nacional Council of Nonprofits, 2016).
Consequently, Financial policies “clarify the roles, authority, and responsibilities for essential financial management activities and decisions. In the absence of an adopted policy, staff and Board members are likely to operate under a set of assumptions that may or may not be accurate and productive” (Nacional Council of Nonprofits, 2016). Therefore, a written policy may declare exactly what the organization accept as a gift. Also, donors understand the cause’s needs and expectations. A gift of receiving policy involves the type of donations, the agency accepts. This way, organizations do not take donations that affect its budget and values.…

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