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> fiduciary obligations to the non-profit What fiduciary obligations does a non-profit have? Isn't the board pretty successful already at not making money?
by xdennis 3y ago
> fiduciary obligations to the non-profit
What fiduciary obligations does a non-profit have? Isn't the board pretty successful already at not making money?
- anonymouskimmer 3y agoFiduciary isn't about money, it's about the best interests of the non-profit they are governing. If staying on the board means a harm to the goals of the non-profit charter, then they have a duty to resign.
- icelancer 3y agoFiduciary obligations need not be profit-seeking. They often - perhaps especially - involve keeping the lights on for the chartered company.