business coworkers having business training in office

In this article for Better Boards, Melissa Macpherson – Co-Founder and Executive Director of People for Purpose – writes on the role of the board in ensuring financial sustainability and why many directors bury their heads in the sand. 

The board of a not-for-profit organisation is ultimately responsible for the organisation, its impact and its activities. But what does this really mean? Many directors find it difficult to understand their responsibilities and often seek clarification, especially with respect to their role in ensuring financial sustainability and the part they play in fundraising and building organisational profile.

Board directors are responsible for governing in line with their legal and fiduciary duties. Good governance requires boards to ratify a strategy that will ensure impact is delivered, underpinned by a robust financial framework. So why are so many directors reluctant to talk about finance and funding and the role they could play in building both financial sustainability and organisational profile?

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