Strong policies make for effective boards

Between implementing new accounting standards, keeping up with regulatory changes, and meeting fundraising and program delivery goals, many not-for-profits (NFPs) are stretched to their limits. So, when it comes to creating or updating policies, it’s easy to push those tasks to the bottom of the list. Having strong policies in place, however, can protect your NFP from liability, help you adopt consistent and clear actions, and help you use your limited resources more efficiently. Sound policies can also help your