Principles
and
Practices
for Florida
Nonprofit
Excellence
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 6.)
Financial management
9) The board of directors, led by the board chair, should annually evaluate itself through a survey
to the board members and a subsequent discussion of the results with an eye toward improving
governance practices.
10) Board members should receive no monetary compensation for their board duties other than
reimbursement for board-related expenses.
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The Florida Association of Nonprofit Organizations 7480 Fairway Drive, #205, Miami Lakes, Florida, 33014 305. 557. 1764
© 2013
