Fiduciary duty: 20 questions not-for-profit organization directors should ask

Understand your responsibilities when it comes to fiduciary duty for directors of not-for-profit (NFP) organizations.

Get your downloadable electronic copy.

Download Now

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?

What you should know

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.

Topics include:

  • What should a director do when faced with a conflict of interest?
  • What should a director know?
  • What is a standard of care, and are directors of charities held to a higher standard of care?
  • As fiduciaries, can directors delegate their responsibilities?

Highlights

Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.

Our Firm Directory allows you to search for Canadian CPA firms using our interactive map as well as other criteria.

You’re in the eye of the storm amid a swirl of slips, forms and receipts. Chart your way through tax-time turbulence with these updates and resources.