Governance for Co-op and Nonprofit Boards Part 1
Often challenges within the board stem from a lack of agreements about governance. Cooperatives and nonprofit organizations differ in key ways from private corporations. Perhaps most importantly, operating within a defined social purpose requires skillful and conscientious governance by the board of directors—and the board’s leadership is felt throughout the entire organization. Governance is the act of steering an organization toward success. It consists of answering key questions, defining roles and responsibilities, and establishing processes for setting expectations and ensuring accountability.