Mergers between not-for-profit (NFP) organisations are becoming increasingly common due to the current challenging economic and regulatory landscape. ...
A recurring and often distressed request we hear from NFP chairs and board members is “how to prevent and de-escalate dysfunction”. If only a single a...
Glossaries
Accountability
In the realm of governance, accountability is a foundational concept all board members or directors need to grasp. In the boardroom context accountability specifically refers to the obligation of the board of directors to be able to clearly explain and take responsibility for their decisions, actions, and the overall performance of the organisation they govern. In short, it’s about providing a transparent account of actions taken and decisions made, with an expectation of answerability.
Better Boards
Acquittal
In the context of not-for-profit governance and not-for-profit fundraising, acquittal refers to the fulfilment or discharge of obligations relating to funding arrangements. This term is commonly used when an organisation has received a grant or funding from an external source, such as a government agency, a private foundation or charitable trust. Acquittal Process The acquittal process involves demonstrating that these funds have been used appropriately and according to the terms set out in the funding agreement.
