Tennessee Nonprofit — Conduct Policies for Board Members aim to establish a clear set of guidelines and expectations for ethical behavior among board members of nonprofit organizations operating in Tennessee. These policies ensure that board members understand their roles and responsibilities, act in the best interests of the organization, and adhere to legal and ethical standards. Some types of Tennessee Nonprofit — Conduct Policies for Board Members may include: 1. Code of Conduct: This policy outlines the expected standards of behavior and ethical principles that board members must adhere to. It covers areas such as honesty, integrity, confidentiality, conflicts of interest, and the duty of loyalty to the organization. 2. Conflict of Interest Policy: This policy ensures that board members act impartially and avoid situations where their personal interests may conflict with the best interests of the nonprofit. It requires disclosure of potential conflicts and specifies how conflicts should be managed or resolved. 3. Confidentiality Policy: This policy emphasizes the importance of maintaining the confidentiality of sensitive information shared within the board. It establishes protocols for handling confidential materials or discussions, and outlines consequences for unauthorized disclosure. 4. Anti-Harassment Policy: This policy addresses the prevention of harassment, discrimination, and inappropriate behavior within the organization. It sets guidelines for respectful interactions and provides procedures for reporting and addressing complaints. 5. Compliance and Legal Obligations Policy: This policy ensures that board members are aware of and comply with all relevant laws, regulations, and reporting requirements. It may include guidelines for financial transparency, fundraising practices, and compliance with nonprofit-specific legislation. 6. Board Member Roles and Responsibilities Policy: This policy defines the roles, responsibilities, and expectations for individual board members. It outlines the commitment, attendance, active participation, and contribution that board members are expected to fulfill. By implementing these Tennessee Nonprofit — Conduct Policies for Board Members, organizations can foster a culture of accountability, transparency, and professionalism among their board members. These policies not only protect the organization's reputation but also ensure that board members act in the best interest of the nonprofit and its stakeholders.
Tennessee Nonprofit - Conduct Policies for Board Members
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But if other people on the BoD cannot observe that you are performing the actions, they don't exist. The three W behaviors are Wealth, Work, and Wisdom.
Here are 10 common governance mistakes made by nonprofit boards: Failure to Understand Fiduciary Duties. ... Failure to Provide Effective Oversight. ... Deferring to a Founder. ... Failure to Stay in Your Lane. ... Failure to Adopt and Follow Procedures. ... Failure to Keep Good Records. ... Lack of Awareness of Laws Governing Nonprofits.
As a board member you need to have a general knowledge and reasonable access to the organization's records including but not limited to the articles of incorporation, the original by-laws and any amended copies, 501c3 determination letter, tax records, bank records, audits, meeting minutes, etc.
A good board member is a team player who contributes to the mission of the organization and doesn't need to be a star. He or she is also a futuristic thinker. Attitude is equally important to background, expertise, organizational acumen or education.
?It depends how well your directors are known. In a small community where the board consists of the best-known names in town, a charity might well benefit by displaying its board list on the side of its direct-mail appeals. The same goes for a national organization that sports a truly star-studded board.
A board of directors has three formal responsibilities. They are to oversee the management of the company, to approve corporate strategy, and to make sure the financial statements are accurate. In order to do these things, they need to be able to understand financial statements and have knowledge of business law.
Note: In the Tennessee Nonpro t Corporation Act, board members are referred to as directors; however, nonpro ts themselves usually use the term ?board members? when referring to members of the nonpro t governing board. Tennessee nonprofit corporations must have at least three board members.
As a board member you need to have a general knowledge and reasonable access to the organization's records including but not limited to the articles of incorporation, the original by-laws and any amended copies, 501c3 determination letter, tax records, bank records, audits, meeting minutes, etc.