Tailor board agreements to unique needs and goals of the organization

Abstract

Nonprofits looking for an easy way to bolster effective governance in their organizations should consider drafting a formal board agreement for new and existing board members to sign. But experts caution against adopting generic templates for such agreements. Instead, they should proceed with an understanding that each nonprofit has a unique structure, culture and mission, which makes a one-size-fits-all board agreement challenging—and likely, ineffective.