Page 26 - GivingPoint Draft Test

GivingPoint Project Report
•••
one committee to become experts in that section or to have rotating committees to make for a well diverse board that has knowledge in each section. For a board, the size of GivingPoint’s the best committees to have are the executive committee, audit/finance committee, governance committee, and lastly the program committee. Having these committees will allow for the to be able to divide up the tasks. No one person will be stressing over trying to complete as many tasks as possible, committees also allow for smoother board meetings. Each committee can have one person present the information needed instead of having everyone talking over each other
Generally, the executive committee normally works best with the most active board members that can meet and make decisions even once the board meetings are over. These members serve as advisors; chief executive offers and the connector between the CEO and the board and the staff. Generally, the audit committee and finance committee are two separate committees given the number of members, but they can be combined into one committee. The audit committee is relatively new but is rapidly growing within standing committees. The audit committee oversees the financial reporting and monitoring the accounts. Apart from board meetings, those on the audit committee must meet once quarterly. Those in the audit committee also make up the finance committee. The responsibilities in the finance committee are to create a financial oversight for the organization. They create the financial budgeting and planning for the year. It is vital to have members with a financial background in this committee. The governance committee is the most important committee for a nonprofit organization. The governance committee are the ones that determine those suitable to be a part of the board. They recruit, train and get new board members. They are also the ones the ones that keep everyone updated on the laws and best practices for nonprofit organizations. For smaller boards, the governance committee also takes care of the membership of the organization. Lastly, for the program committee, evaluates the programs that work best for the organization. The program committee oversees what programs should be added to the organization for the expansion and development. Having these committees help a board with knowing their set roles and responsibilities while also spreading the contribution evenly.
26