One of the primary responsibilities of a non-profit board is to ensure effective supervision of the senior management person, whether s/he is called Chief Executive Officer (CEO), Executive Director, Director, or even President.
It is surprising the number of boards who do not understand or accept this responsibility even though they are absolutely accountable for the organization and have authority over all its operations. The CEO is hired to implement the strategic plan developed by the board. All other CEO responsibilities fall out of that plan, and the mission statement on which it is based.
Following are the reasons for this supervision, who actually performs the supervisory functions, and the process to follow.
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adjective 1. yielding profit ; remunerative: a profitable deal. 2. beneficial or useful. Origin: 1275–1325; Middle English; see profit , -able Related forms prof ...
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