13 min
The Board's Duty of Care Small Church and Ministry Finance Guide
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- Government
As a board member, you can be exposed to personal liability, so it is important to be aware of the legal responsibilities that your service entails. The main source of personal liability stems from a failure to exercise the trust that you are called to keep. The first of 3 main duties is "Duty of Care."
The duty of care requires directors to act in good faith and with the care an ordinarily prudent person would exercise in comparable circumstances.
Exercising your duty of care means being able to say that you were prudent, that you acted in good faith, based on the best information available at the time. You want to be able to say that you conducted the board’s business with the same care and attention that you give to your personal affairs.
Show links:
Glenn Daman's Board Training Resources:
https://www.ruralministry.net/
Tiffany Couch's Fraud Course: Use this link to to get $20 off your course.
https://www.acuityacademy.com/stop-non-profit-fraud?coupon=CROSS20
Village Missions:
https://villagemissions.org/
Association of North American Missions
https://www.anamissions.org/wp/
As a board member, you can be exposed to personal liability, so it is important to be aware of the legal responsibilities that your service entails. The main source of personal liability stems from a failure to exercise the trust that you are called to keep. The first of 3 main duties is "Duty of Care."
The duty of care requires directors to act in good faith and with the care an ordinarily prudent person would exercise in comparable circumstances.
Exercising your duty of care means being able to say that you were prudent, that you acted in good faith, based on the best information available at the time. You want to be able to say that you conducted the board’s business with the same care and attention that you give to your personal affairs.
Show links:
Glenn Daman's Board Training Resources:
https://www.ruralministry.net/
Tiffany Couch's Fraud Course: Use this link to to get $20 off your course.
https://www.acuityacademy.com/stop-non-profit-fraud?coupon=CROSS20
Village Missions:
https://villagemissions.org/
Association of North American Missions
https://www.anamissions.org/wp/
13 min