What are the legal obligations of nonprofit boards?
An example of an AI chatbot conversation about legal obligations of nonprofit boards.
What are the legal obligations of nonprofit boards?
Nonprofit boards have several legal obligations, including duty of care, duty of loyalty, and duty of obedience.
Can you explain the duty of care in more detail?
The duty of care requires board members to make informed decisions and act in the best interest of the nonprofit.
What happens if a board member fails to meet these obligations?
If a board member fails to meet their obligations, they could face legal consequences, including personal liability.
Are there any resources for training board members on these obligations?
Yes, many organizations offer training programs and resources to help board members understand their legal responsibilities.
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