Board of Trustees
Board of Trustees
The Board of Trustees (pronunciation: /bɔːrd əv trʌsˈtiːz/) is a group of individuals that are legally appointed to oversee the functioning and management of an organization. The term is derived from the Old French word 'trustee', which means 'one who is trusted'.
Roles and Responsibilities
The primary role of the Board of Trustees is to ensure the organization's long-term sustainability and success. They are responsible for setting the strategic direction, ensuring financial stability, and overseeing the executive management. The board is also responsible for ensuring that the organization complies with all relevant laws and regulations.
Composition
A typical Board of Trustees is composed of a diverse group of individuals who bring a range of skills and expertise to the organization. This may include professionals from various fields such as finance, law, healthcare, education, and more. The board usually includes a Chair, Vice-Chair, Secretary, and Treasurer.
Related Terms
- Chair: The individual who presides over the board meetings and ensures that the board functions effectively.
- Vice-Chair: The individual who assists the Chair and takes over their duties in their absence.
- Secretary: The individual responsible for maintaining the records of the board meetings and other official documents.
- Treasurer: The individual responsible for overseeing the financial affairs of the organization.
See Also
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