The members of the board of a nonprofit organization are able to wear a variety of hats. But governance is one of the most important. It is responsible for making sure that the charity follows the law, has solid financial management guidelines and is on track to achieve its goals. Contrary to for-profit companies the charitable sector is not owned by anyone else. organizations, and nonprofits depend on volunteer boards to run effectively and ensure that they are financially sustainable over the long run.

Non-profits employ various models of governance for their boards, and some blend several of them to best meet their needs. The best model is essential to creating a solid board. It can help an organisation stay focused on its mission and build a cultural of transparency, accountability, and innovation.

The Management Team Model is the most popular model for governance of boards for nonprofits. In this model, the board delegates tasks to committees and delegated staff members that cover a range of duties like human resources, finance planning, human resources, and programs. The board is still in charge role when it comes to hiring and managing the executive director.

Another common model is the Patron Board Model. This type of board is comprised of many wealthy donors who are the board and have high levels of trust and confidence in the CEO of the company to run the business. The board is not a part of the day-to-day operations however they meet regularly to ensure that the CEO is keeping them informed of the organization’s activities.