All of these things:

Major Duties of Board of Directors

1. Provide continuity for the organization by setting up a corporation or legal existence, and to represent the organization's point of view through interpretation of its products and services, and advocacy for them -

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2. Select and appoint a chief executive to whom responsibility for the administration of the organization is delegated, including:

- to review and evaluate his/her performance regularly on the basis of a specific job description, including executive relations with the board, leadership in the organization, in program planning and implementation, and in management of the organization and its personnel

- to offer administrative guidance and determine whether to retain or dismiss the executive

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3. Govern the organization by broad policies and objectives, formulated and agreed upon by the chief executive and employees, including to assign priorities and ensure the organization's capacity to carry out programs by continually reviewing its work

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4. Acquire sufficient resources for the organization's operations and to finance the products and services adequately

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5. Account to the public for the products and services of the organization and expenditures of its funds, including:

- to provide for fiscal accountability, approve the budget, and formulate policies related to contracts from public or private resources

- to accept responsibility for all conditions and policies attached to new, innovative, or experimental programs.

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Major Responsibilities of Board of Directors

BoardSource, in their booklet "Ten Basic Responsibilities of Nonprofit Boards", itemize the following 10 responsibilities for nonprofit boards. (However, these responsibilities are also relevant to for-profit boards.)

1. Determine the Organization's Mission and Purpose

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2. Select the Executive

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3. Support the Executive and Review His or Her Performance

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4. Ensure Effective Organizational Planning

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5. Ensure Adequate Resources

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6. Manage Resources Effectively

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7. Determine and Monitor the Organization's Programs and Services

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8. Enhance the Organization's Public Image

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9. Serve as a Court of Appeal

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10. Assess Its Own Performance

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Your plan - Continue with Your Foolishness - My plan - Be Done with Your Foolishness - remember to say hi to the adjacent ostrich. We'll keep an eye out for your update posts.