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Understand your responsibilities when it comes to fiduciary duty for directors of not-for-profit (NFP) organizations.
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Your fiduciary duty is perhaps one of the most fundamental responsibilities you will have as a director on the board of an NFP. It requires that, at all times, you act in the best interests of the organization you serve. But why do directors have this fiduciary relationship with their organizations and how is it different depending on the type of organization you serve?
20 Questions Directors of Not-for-Profit Organizations Should Ask about Fiduciary Duty examines key differences between not-for-profits that are incorporated, not incorporated and established as trusts, as well as what is involved in the role of director and what you should know before accepting such a position.
This publication is reviewed annually for relevance and accuracy.
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
February 10, 2020
Financial sustainability and digital disruption are influencing the future of NFPs. Be equipped to lead through complex change by attending Canada’s premiere event for not-for-profit leaders.
May 25, 2020
Explore new technologies that are revolutionizing accounting and finance. Find out how you can take advantage of best-fit digital solutions and emerging business trends to work smarter, ignite growth and keep innovating.