Board Responsibilities
- Strategic Oversight: The Board is responsible for setting the Foundation’s mission, vision, and strategic goals. It ensures that the organization stays true to its purpose.
- Financial Oversight: The Board oversees the Foundation’s financial health by approving budgets, reviewing financial statements, and ensuring compliance with legal and ethical standards.
- Policy Development: The Board establishes policies that guide the Foundation’s operations, including governance, conflict of interest, and ethical fundraising practices.
- Evaluation and Accountability: The Board evaluates the Foundation’s performance, ensuring that programmes are effective and aligned with the mission. They hold management accountable for achieving strategic goals.
- Risk Management: The Board identifies potential risks to the organization and ensures that appropriate measures are in place to mitigate them, thereby protecting the Foundation’s reputation and resources.
- Fundraising and Resource Development: Board members often play a key role in fundraising efforts, leveraging their networks to attract donors and partners.
- Advocacy and Representation: Board members serve as ambassadors for the Foundation, promoting its work and advocating for its mission in the community and among stakeholders.
- Board Development: The Board is responsible for its own recruitment, ensuring a diverse and skilled Board essential to the Foundation’s mission and effective governance.
Management Responsibilities
- Operational Implementation: Management is responsible for executing the Foundation’s strategic plan. This includes overseeing day-to-day operations and ensuring that programmes are implemented effectively.
- Reporting: The Chief Executive Officer, ex officio member of the Board, reports to the Board.
- Financial Management: Management handles the Foundation’s financial operations, including budgeting, accounting, and reporting. They ensure compliance with financial regulations and prepare materials for Board review.
- Compliance and Risk Management: Management ensures that the Foundation complies with all relevant laws and regulations. They identify and manage operational risks, reporting significant issues to the Board.
- Reporting to the Board: Management provides regular updates to the Board on programme performance, financial status, and other critical issues, facilitating informed decision-making.
- Program Development and Evaluation: Management develops and assesses programmes that align with the Foundation’s mission.
- Staff Management: Management is responsible for hiring, training, and overseeing staff. They create a positive work environment, support professional development, and foster a culture of respect and accountability.
- Communication and Outreach: Management handles internal and external communications, ensuring that stakeholders, including donors and the community, are informed about the Foundation’s work and impact.
- Collaboration and Partnerships: Management builds and maintains relationships with partners, donors, and community organizations to enhance the Foundation’s reach and effectiveness.
