Kentucky Nonprofit - Conduct Policies for Board Members
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How to fill out Nonprofit - Conduct Policies For Board Members?
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FAQ
A code of conduct should guide sound decision-making and behaviour and summarise which priorities are essential to your organisation. Since the board of directors helps set the organisation's tone from the top, a good code of conduct can help foster a climate of ethical leadership.
Your nonprofit's code of ethics is a set of principles (e.g. values statement) that affects decision making. This is similar to, but different from, your code of conduct, which governs specific actions. Together, both codes play an important role in setting the ethical standards for your nonprofit organization.
Ethical Behavior for Board Members Is Culturally Driven Good values include traits like honesty, dignity, diversity, fairness, and respect for individual rights, to name a few. Integrity drives ethical behavior naturally.
While every nonprofit must have a board, not every nonprofit must have members (that requirement went away in the 90s). Generally, the board of directors are a group of people who oversee the nonprofit.
While the IRS does not impose any maximum limitations, an efficient range for many nonprofits is between eight and 14 members. Some organizations have as many as 20 or more, but this is not ideal because it is difficult to govern this many individuals.
Right-sizing the Board promotes a healthy organization. For a new nonprofit organization, the ?Goldilocks? size of the Board of Directors is often three to seven directors, and for a nonprofit that has been in existence for several years and has ongoing operations the range is often five to eleven directors.
Step #1: Your Kentucky Nonprofit Board of Directors A minimum of three people are required in Kentucky to fill the roles of President, Treasurer, and Secretary.
Directors make up the governing body of your nonprofit corporation and are stakeholders in your organization's purpose and success. You'll want to identify three, unrelated individuals to meet IRS requirements.