In this JDSupra article, it is recommended to ask a few questions before joining a nonprofit board.
The article points out the the risks associated with serving in this important role and that "directors of nonprofit corporations must discharge duties in good faith and in a manner he or she believes is in the best interests of the corporation."
There are nine recommended questions to ask before jumping onto the nonprofit board bandwagon. They cover:
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- Indemnification provisions
- Director and Officer Liability Insurance
- Written Conflict of Interest Policy
- Written Data Privacy and Cybersecurity Policies in Effect as Well as Cyber Liability Insurance
- Written Employment Policies
- Written Executive Compensation Policy
- Written Gift Acceptance Policy
- Written Investment and Financial Policies
- Written Checklist Outlining Policies to Govern Annual Filing Requirements
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