Although they might appear to have very little in common however, nonprofit and commercial board directors have similar challenges in managing board business. Both are able to benefit from a management system or a board portal to simplify their work. In addition to providing an organization with a central place to store information, these tools can also enable the board to perform more efficiently and effectively as together.

All boards, whether for-profit or not are accountable for ensuring their organizations adhere to the legal and ethical standards. These obligations are referred to as fiduciary duties and can include the adoption of sound financial and governance policies, as well as the proper administration of funds. The board must be sure that the organization adheres to all laws and regulations related to its purpose and provide adequate resources to meet its objectives.

In addition to these governing roles, most nonprofit boards must possess some sort of fundraising ability. This means that the board has to be willing to share the word about the organization, make use of its connections to get access to potential donors and, when financially feasible, make their own donations.

Many nonprofits have their boards around president, treasurer and secretary. Most states require these officer posts to qualify for tax exemption. Additionally, the majority of nonprofits will have several committees that handle department-like topics like fundraising, finance, programs and human resources. The existence of separate committees allows the board to distribute its responsibilities, and it can also be useful for hiring new members who might not feel confident or qualified to join the full board.

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