Making board service effective is one of the biggest challenges facing funders. Alice Korngold shares four essentials to remember for effective governance:
- Achievement: The role of the board is to achieve the organization's greater potential as well as its mission.
- Accountability: The board's role is to ask: "How do we know?"
- Ownership: The board understands that the organization's success is their responsibility.
- Oversight: Board oversight is essential; it's also not enough.