Become a Highly Effective Nonprofit Board Chair in Seven Steps

Step 4: Oversight, compliance
The members of the board oversee the organization’s financial affairs as fiduciaries of the organization. As chairman of the board, you will set the standard for the board’s oversight by ensuring that board members are adequately informed, encouraging board members to ask questions, constituting the board’s finance and fundraising committees with qualified members, monitoring the activities of those committees, setting financial goals for the CEO and reviewing achievement of those goals.