Board members of a not-for-profit organization have fiduciary responsibilities which constitute legal obligations to manage the organization in a trust-worthy manner.

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Fiduciary responsibilities of board members are legal obligations to act in the best interest of the organization and its stakeholders, and to manage its assets and resources in a responsible and trustworthy manner. These duties are enforceable by law and failure to fulfill them can result in legal liability for the board members.

Board Members of a Not-For-Profit Organization Have Fiduciary Responsibilities Which