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The board members of nonprofit organizations are able to wear a variety of hats. But governance is one of the most important. It is accountable for ensuring that the charity follows the law, has sound financial management policies and stays on track to reach its goals. In contrast to for-profit businesses, no one owns charitable organizations, and nonprofits depend on volunteer boards to govern effectively and ensure that they can be financially sustainable for the long-term.

Non-profit organizations use a variety of models for board governance, and some may blend some of them to suit their specific needs. The right board governance model is essential to establishing a strong board. It will allow the company to stay focused on its mission and establish a culture that is based on accountability, transparency, and innovation.

The Management Team Model is the most popular form of governance for boards in nonprofits. In this model, board members delegate the tasks to committees and staff that take on a variety responsibilities, such as human resources and finance. The board, however, retains the leadership role hiring and directing the Executive Director.

Another model that is popular is the Patron Board Model. This type of board is comprised of a significant number of wealthy donors who are the board. They are able to demonstrate a high level of trust and confidence in the CEO’s ability to manage the business. The board is not involved in day-today activities however, they do regularly meet to ensure that the CEO keeps them informed about the organization’s operations.