Board Members of a Not-For-Profit Organization Have a Fiduciary Responsibility

question 12

True/False

Board members of a not-for-profit organization have a fiduciary responsibility to provide fiscal guidance and ongoing governance over the not-for-profit organization to ensure that its exempt mission is carried out as described in the incorporating documents and exempt application.

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Definitions:

Company's Facilities

The physical resources of a company, including buildings, machinery, and equipment.

Risk Management

A process that identifies, controls, and minimizes the impact of threats, in an effort to reduce risk to manageable levels.

Controls

Measures implemented to regulate processes, systems, or environments, ensuring that activities are conducted in a consistent and secure manner.

Networks

Collections of computers, servers, mainframes, network devices, peripherals, or other devices connected to one another to allow the sharing of data.