Board Fundamentals: Financial Governance
Understanding the roles managers and board members play in an organization’s financial governance can be complicated.​
This workshop will introduce the board’s financial governance responsibilities and explore ways to effectively implement reliable financial management tools.
Suggested Participants
Board members, Executive Directors/CEOs or senior leaders (for example, Directors or Managers) who are looking for a general overview of financial governance in non-profit organizations.​
Learning Outcomes
By the end of this workshop, you will be able to:​
- Describe the importance of good financial governance in the not-for-profit sector.
- Identify the financial governance responsibilities of the board.
- Identify and understand key information presented on the financial statements.
- Describe the difference between charities and non-profit organizations and the most common areas of non-compliance.
Benefits
- A systems-thinking approach to apply financial governance more holistically​.
- Strategies to implement financial management best practices for your organization​.
- Clarity on staff vs. board roles as they relate to financial management​.
Topics Covered
- What is financial governance?
- Compliance
- Risk
- Strategic thinking