Financial Management for Policy Governance Boards
Boards using Policy Governance principles often realize that having a Treasurer (who is also a board member) can create unclear lines of accountability around very important financial decisions.
So we created this Financial Management FAQ to answer questions such as:
- How does a Policy Governance® board manage organizational finances?
- What financial policies should we have?
- How does a financial review or audit work?
- Who creates the budget?
- Our Treasurer has always had control over the finances. What does he/she do now?
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