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OVERSIGHT
Discussion
Providing oversight is a consistent theme in board responsibilities. As a
result, at a minimum, the board should review and approve:
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Financial policies and procedures, including internal controls
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Annual operational budget for the NPC (not individual projects)
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Audit
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Employee handbook (outside legal review also strongly recommended)
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Policies and procedures that govern NPC operations such as travel, reimbursements, transfer of
investigator funds, etc.
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Insurance
- Bylaws
- Mission statement
The board should review and re-approve all of
the above at least once every three years and then document their approvals in
the meeting minutes.
Helpful resources:
BoardSource Governance Series available from the bookstore –
http://www.boardsource.org
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