Governance

Who has a fiduciary duty in a nonprofit?

• Volunteers

• Executive director

• Board of Trustees

• Donors

What is the primary role of a board of trustees?

• Marketing

• Fundraising

• Volunteer Management

• Governance

Which role involves community representation?

• Trustees

• Donors

• Executive director

• Volunteers

Which of the following is NOT a typical responsibility of the board of trustees?

• Hiring and evaluating the CEO

• Managing daily operations

• Approving the annual budget

• Ensuring compliance with laws and regulation

When should financial oversight occur?

• Annually

• During crises

• Regularly

• At board retreats

Where do board members often participate?

• Fundraising efforts

• Policy development

• Daily operations

• Volunteer recruitment

Why is diversity important on a board?

• It ensures the board looks good in public photos

• To simplify decision-making

• To meet legal requirements

• It brings a variety of perspectives and reflects the community serve

What is the CEO’s role in relation to the board of trustees?

• The CEO always serves as the board chair

• The CEO hires and fires board members

• Provide reports and implement the board’s strategic decisions

• The CEO has no relationship with the board

Complete the sentence: Trustees must manage...

• conflicts of interest

• financial reports

• volunteer schedules

• community events

What is a key responsibility of the board?

• Social media management

• Daily management

• Executive oversight

• Hiring staff