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.crossroads-1

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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