Dec. 5, 2012 /3BL Media/ - By serving on NGO/nonprofit boards, business people bring vital skills, experience, and resources that are essential in advancing NGOs/nonprofits to effectively address many of the world’s most vital issues, including economic development, workforce development, education, healthcare, social services, poverty, human rights, conservation and the environment, arts and culture, and many more.
What we commonly refer to as a nonprofit "board" is the governing board of a nonprofit corporation. This board is charged by law with the oversight of the nonprofit organization. Board members have a fiduciary duty and risk legal liability if they fail in their duties of care, loyalty, and obedience. The legal organization and responsibility is what makes a "board" a "board." Only the governing board has decision-making authority related to organizational strategy, budget, and the hiring of the CEO.