As a nonprofit, do you know the difference between governance and management? Do you know which of these responsibilities is assigned to the Board of Directors?
Governance is the fiduciary duty of care which consists of rick prevention, management and compliance specific to program, finance and governance.
Overall management of a nonprofit organization typically falls under the direction a staff member, CEO, who manages the day-to-day activities of the nonprofit organization (with the help of additional staff members). Now, understand, as a newly established nonprofit organization, management of the organization can fall on the shoulders of the board of directors. However, the goal of a sustainable nonprofit organization is to properly allocate these roles and responsibilities to the effective personnel/board.