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Financial Oversight Guidelines for Nonprofit Boards

The Charity CFO

Financial oversight is one of the primary roles of your nonprofit board of directors. . Every nonprofit is required to have a board of directors. But, in practice, the terms fiduciary duty or financial oversight are a bit ambiguous. What is Financial Oversight? Compliance.

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Nonprofit Board Committees In A Modern Nonprofit

The Charity CFO

You know you’ve got a board meeting every 2nd Tuesday at 7:30 pm. But when was the last time you analyzed the structure of your board of directors? . More specifically, what board committees do you have? Nonprofit board committees can have an outsized and positive impact on your organization’s overall mission.

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Conflicts of Interest: Why it’s Important and How Often it Should be Done

The Charity CFO

Addressing conflicts of interest in a nonprofit is essential for success. It directly impacts the credibility, public trust, and overall effectiveness of the nonprofit in achieving its mission. An example of a potential conflict of interest in a nonprofit is when a church accepts pass-through gifts.

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7 Essentials Of Nonprofit Financial Management

The Charity CFO

Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Maintaining healthy financial management is critical for the organization’s sustainability, stability, and flexibility, now and in the future. Poor financial reporting.

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From Droughts to Floods, Water Risk Is an Urgent Business Issue

CFO News Room

The trouble is, without some regulatory oversight, it’s difficult to know how effective those actions are or whether they are just efforts to burnish corporate reputations. Companies in water-stressed areas face increasing risk of regulatory restrictions on water use, or fully losing access. So what does that mean for companies?