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The Opportunity Foundation's Board of
Directors is a governing board. Governance responsibilities include: 1)
making annual plans, 2) assuring that finances are in good order, 3)
developing its leadership, 4) choosing the top policies and 5) hiring and
evaluating the Executive Director to run the organization.
The Board makes two plans, i.e. the Annual
Plan and the Budget. Board members represent the needs of their communities
and provide information to the Board that both plans should meet. The
Board, the Executive Director and his staff share responsibility for
carrying out the objectives of these plans.
The Board's financial responsibility is
focused on assuring long-term stability and continuity for the dependent
population we support. This includes an audit each year performed by an
outside company who checks to see that generally accepted accounting
practices have been carefully followed. The Board also makes sure that the
Opportunity Foundation spends less money than it takes in so it can
continue to do its work far into the future.
Board leadership development includes: 1)
planning to recruit new Board members when they are needed, 2) orienting
and supporting new Board members so they can be effective in their jobs; 3)
discussing governance and its difference from management as a key Board
function and 4) recognizing its staff.
The top policies include the Articles of
Incorporation, Bylaws, Vision, Values and Mission which guide all areas of
services. Other top policies include Conflict of Interest, Board
Recruitment Process, Board Member Orientation, and Investment Policy. The
Board writes its job description and reviews it on an annual basis. The
Board also writes the job descriptions for its Finance Committee, Personnel
Committee, and Building Committee. |
