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Boards of directors are responsible for a range of responsibilities, from financial oversight to deciding how best to manage the resources of an organization. It is a position of high responsibility that requires commitment and dedication. It is important that anyone interested in joining the company’s board of directors is aware of what their job duties are before they commit to the position.
There are special boards that are in addition to the governing board, which concentrate on specific areas, such as fundraising, marketing, or community connections and brand awareness. These boards are typically comprised of internal and external directors with different perspectives and skills.
The most important aspect for any board member is to make sure that they meet their legal obligations, which are usually broken down into three broad categories:
Duty of Care
The legal responsibilities of board directors in this area are making decisions based on the best interests of the company and making sure that their decisions are in line with all applicable laws and reporting requirements. This is a requirement to ensure that they are aware of the legal organizing documents of the organization as well as the bylaws of the board.
It is also crucial for the board of directors to actively promote the work they do and strive to create public relations that portray their organization in a positive light. This is a responsibility that should be a natural to the most passionate and committed board members, but it is something that can be a struggle for others who might not be as involved in their efforts to promote the organization’s work.
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