Fiduciary Duties & Responsibilities of Chapter Board Members
The law in every state imposes fiduciary duties on non-profit association Board members. A fiduciary is one in a position of trust and confidence for another, such as a Board member’s position of trust and confidence for the Chapter and its members.
To ensure proper oversight, the law imposes three fiduciary duties that all Chapter Board members must follow:
- Duty of Care
- Duty of Loyalty
- Duty of Obedience
A model Duties, Potential Liabilities and Protections for Nonprofit Board Members should be downloaded, customized and given to each Chapter Board Member.
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Duties, Potential Liabilities and Protections for Nonprofit Board Members
