BOARD MEMBER RESPONSIBILITIES
Board members must be aware of their fundamental
responsibilities. Failure to fulfill these can result in serious legal
liabilities. Consequently, regular review of the basic duties of care,
loyalty and obedience and how these are operationalized is advisable.
of Corporate Governance" by Ivor Heyman, Executive Director, Center for
Nonprofit Success [http://cfnps.org]
NAVREF wishes to thank Mr. Heyman for his permission to make this summary of
fundamental board responsibilities regarding strategic planning, oversight and
ensuring necessary resources available to NAVREF members.
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