Boards of directors play a vital role in non-profit organizations. They fulfill legal responsibilities, but also play a significant role in the organization’s strategy, culture, governance and financial sustainability. They also serve as ambassadors and advocates.

Setting the salary and hiring process for CEOs and general managers is among the most important tasks. This is a significant decision that can have an impact on the company’s growth and strategy, particularly in times of crisis and it can be a challenge to find the appropriate person.

Monitoring of management’s performance, and evaluating risk are also important functions. This can be done through regular meetings and discussions, as well as reviewing and making guidelines to manage risk. For example the board could set up a committee that reviews and evaluates particular projects or areas of the business to ensure they are running as planned and to reduce any potential risks.

A board is also accountable to bring in new talent, and this is accomplished by recruiting passionate individuals with the relevant skills and experience. This can also include the identification and evaluation of potential members for the next elections. The process of recruiting can be a lengthy process, but it is essential to have a strong board and the overall success of the organization.

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