Board Members are responsible for maintaining the integrity of an organization. Overseeing management and accounting, including accurate financial statements and tax returns, and being good stewards of donor funds are important pieces of this responsibility. Because of their role, finding the right board members is key for an organization.
What Should your Organization Seek in a Prospective Board Member?
While no two organizations are identical in the specific traits they seek from a prospective board member, there are a number of qualities that remain the same for all organizations, whether big or small. The following qualifications and qualities are important for all board members to possess:
- A genuine passion for the mission and cause of the organization – It is crucial that the board member wholeheartedly supports and promotes the organization, striving to align with its mission, vision, and values.
- Financial competence in basic operations – For anyone considering a future in board service, it is beneficial to possess a fundamental grasp of financial matters.
- Genuine connections in the community that the organization serves – Board candidates who have additional connections to the community or possess specific areas of expertise bring added value. Access to an extensive network, including local leaders and individuals with professional relationships, can serve as a valuable resource for any organization.
- Passion for continuous learning and understanding the needs of those being served – The role demands continuous learning about those served and passionate advocacy for the mission. It involves making decisions in the organization’s best interest, responsible asset management, and proactive future planning for the organization.
- A diverse range of experiences and skills – Skills like critical thinking, problem-solving, and innovation can contribute significantly to the success of your board. While a candidate may not excel in every area, having a diverse range of skills ensures that each aspect of governance is well-represented.
- Open mindedness and forward-thinking – Exceptional board members are curious and receptive to novel ideas and viewpoints. They seek to comprehensively understand the challenges, trends, and potential influences that might affect the association in the long run.
Setting Board Member Expectations
Board members should be clearly informed that their role is active throughout the year and be aware of their responsibilities, which may include:
- Evaluating risks
- Practicing governance
- Assisting in fundraising endeavors
- Strategic organizational planning
- Conflict management and resolution
- Safeguarding organizational resources
- Appointing and evaluating executives
- Adhering to relevant legal responsibilities
- Readily volunteering to participate in a committee
- Actively contributing to decision-making processes
- Developing and monitoring the organization’s budget
- Actively taking a part in carrying out the organization’s mission
- Consistently attending and adequately preparing for board meetings
In addition to these expectations, building a diverse board with various backgrounds, both professionally and personally, will help the organization to effectively serve its purpose.
Please contact the Not-for-Profit Niche team at Gilliam Bell Moser LLP for further guidance.
FOR MORE INFORMATION
Joy Klenke, CPA
Senior Audit Manager
