What does charitable board service involve?
The level of involvement and time commitment varies from charity to charity depending on size, governance model, stage of growth. But here are the basics:Time commitment: average 40 hours a year; meeting quarterly (4x a year) to monthly (10x a year) in addition to committee work.
What are a board of director’s responsibilities?
Most boards are responsible for:
- Financial oversight: approve budgets, review cash flow and balance sheets and other financial statements
- Hiring, managing and evaluation of the Executive Director. The Executive Director is the connection between the board and staff and he/she answers to the board.
- Governance oversight: sets policies, standards and practices – overseeing the implementation of those policies
- Strategic planning: defining the mission, vision and goals for the organization
- Ambassador: promote and champion the organization to stakeholders
Working boards take a more hands on role in the management of people and programs.
Governance boards role is oversight (30000 feet) of the organization, not involved in the day-to-day operations.
Aren’t I too young/old/inexperienced to be a board director?
Absolutely not, there are huge range of charities with a huge range of leadership needs. Good board value diversity of professional experience, age, gender and ethnicity in their board composition. It is about finding the right fit for your life and career goals and the board member for the culture and needs of the charity.
What is the difference between a corporate board and a non-profit board?
A corporate board main goal is to increase shareholder value, often they are paid positions. Non-profit boards are entirely composed of volunteers. Non-profit boards are not (only) revenue-driven but mission-driven and represents the members/stakeholders of the organization.
This all sounds great; how do I find a board position?
Register for BoardMatch Fundamentals at boardmatch.org. Once you finish the registration& orientation process you will have access to current board opening that match your interests.
The list is constantly being updated – so check back often.
How do I apply?
Apply for positions via BoardMatch Fundamentals. Much like applying for a job, the charity will review your application and will decide if they want to interview you for the position. From there, you and the charity decide if it is the right match for both of you.
In the GTA: BoardMatch Leaders is our 2-day governance training program in Toronto, offered 3 times a year. Find out more information at boardmatch.org
Outside of the GTA: BoardMatch Leaders is our governance training program, we currently offer it in person in Toronto but will be expanding the program to other cities and online. If you are interested, please contact Susan Dunne for more information.