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A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
In addition to its own web portal, BoardSource managed the online platform Exceptional Boards (now defunct) and the online portal Leading with Intent. [7] Leading with Intent is a rolling annual report on nonprofit board governance across the United States that captures and compares social sector governance data since 1994. [8]
AGB was founded in 1921. [4] It grew out of a conference held at the University of Michigan in 1920. [5] Until the early 1960s the Association of Governing Boards of Universities and Colleges was an affiliation of board members who took turns sharing the leadership and guidance needed to sustain an organization. [6]
The board of directors has ultimate control over the organization, but typically an executive director is hired. In some cases, the board is elected by a membership, but commonly, the board of directors is self-perpetuating. In these 'board-only' organizations, board members nominate new members and vote on their fellow directors' nominations. [38]
A board must explicitly design its own products and process. A board must forge a linkage with management that is both empowering and safe. Performance of the CEO must be monitored rigorously, but only against policy criteria. Principles 1-3 define an organization's ownership, the board's responsibility to it, and the board's authority.
In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
Some university governing boards are composed entirely of alumni of that university. [1] Other boards contain various elected officials, often the state governor, as ex officio members. [1] Members of the governing board can be selected in a variety of ways. Members of public university boards are most often selected by the state governor. [2]
The National School Boards Association (NSBA) is a nonprofit educational organization operating as a federation of state associations of school boards across the United States. Founded in 1940, NSBA represents state school boards associations and their more than 90,000 local school board members.