Oregon Board Member Agreement
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How to fill out Board Member Agreement?
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FAQ
Oregon director requirements: Number: Minimum 1 individual for a mutual benefit or religious. Minimum 3 individuals for a public benefit corporation. Qualifications: Individuals No residency requirement.
Typically, you'll have to follow these basic steps when adding a new board member: Hold a meeting of the board of directors. Draft a resolution to add a member. Make sure you have a quorum (the minimum number of directors who must be present to hold an official vote, which should be specified in your bylaws)
Oregon law allows state board and commission members to receive statutory per diem compensation and reimbursement of certain expenses for each day or portion thereof which they spend time performing board or commission duties.
Most states require a minimum of three directors, but there are a few states that require only two. However, regardless of the state requirements, it is generally advisable to have at least three directors on the board.
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.
Board member contracts are not mandatory, although having them in place is best practice and can help ensure Board members are aware of their responsibilities, what is expected of them, and what they expect from the organization to enable them to more effectively lead.
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.
If your organization is a mutual benefit corporation or religious and you're not planning to apply for 501(c) status, you only need one board member. If your organization is a public benefit corporation or you'll be applying for 501(c) status with the IRS, you'll need at least three board members.