With the recent, ongoing changes in regulations and accountability standards, understanding the financial roles and responsibilities of a nonprofit board is absolutely necessary. Financial Committees, by Thomas A. McLaughlin, confirms the need for skilled and experienced committee members in dealing with both board-related and organizational fiscal matters. The guidelines provided in this book will help the reader understand how to best configure financial committees depending on the size and available resources of the board.
Learn about the functions finance, audit, and investment committees should serve on your board — both as individual groups and as a collective source. Discover how these committees can address challenges in helping the rest of the board understand complicated fiscal issues, such as how to read financial statements and how to take part in federal, state, and local reporting.
This book will
-
Cover the core duties of a single finance committee and non-core duties of supporting financial groups
-
Highlight right and wrong reasons to distribute responsibilities among these three committees
-
Discuss the various groups' roles in maintaining directors', officers', and auditors' independence
-
Present potential challenges in combining financial groups
Help your financial committees properly oversee financial planning and management of the organization by ensuring that all fiscal aspects of operations are in order.
ONLINE BOOKSTORE
