A board of directors utilizes numerous documents to perform its duties. These include legal requirements, as well as internal guidelines and policies. In order to make sound decisions, a board must have access detailed, accurate and clear information.

It is essential that any non-profit organization has proper board documents to ensure success. A board can get bogged down in administrative tasks without the appropriate materials and lose focus on strategy. To ensure that your board is meeting its fiduciary obligations of accountability, it’s important to keep these five essential documents in the right place:

Board papers are the materials that board members are required to read prior and during board meetings. These documents are important because they provide the background and context that allows boards to make informed decisions. Board papers must be short, concise and clear. This is a combination of three C’s:

Financial Statements

Board members need a quick visit homepage swrc2.info/how-to-write-a-board-resolution/ and easy visual representation of the company’s financial health to know what’s owned, how much cash is available and what expenditures are authorized by the board. The board must be familiar with company finances in order to ask the right questions at meetings and oversee the CEO’s financial accountability.