Their responsibilities include but are not limited to the following. This course presents the major board responsibilities and gives you the tools and knowledge to perform your duties. But in the eyes of the law, the board holds ultimate responsibility for guiding your credit union. Responsibilities of the board of directors it is the responsibility of the board of directors to set policy, develop operational guidelines, evaluate programs, provide fiduciary oversight, and assist in the achievement of specific objectives as they relate to crfs mission. Boardsource, in their booklet ten basic responsibilities of nonprofit boards, itemize the following 10 responsibilities for nonprofit boards. The director, however, does not transfer the liability of the director imposed by this. The purpose of the rule is to clarify and document the important duties of boards of directors of federal credit unions. A good job description enables prospective members to assess realistically whether they can make the commitment your. The board has the responsibilities for managing the affairs of the chapter, its direction, program priorities, resource allocations and both financial performance and planning. The responsibilities of the board are separate and. In discharging any board or board committee duty, a director is entitled to rely on one or more employees of the company, legal counsel, accountants or other.
Pdf we highlight how directors and senior managers perceive the roles of a board to involve overseeing risk and compliance, strategy, governance. Appoint board members to leadership roles within the board. The board of directors is responsible for the overall governance of the nonprofit organization. Board of directors duties and responsibilities course pdf. The ultimate responsibility for the chapters programs, activities, and fiscal integrity rests with the board of directors.