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Robert, the chair of a nonprofit board of directors, asked the CEO to provide the board...

Robert, the chair of a nonprofit board of directors, asked the CEO to provide the board an accurate report of the expenses incurred for a fundraiser. Robert is practicing which best practice recommended by BoardSource?

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Answer #1

Answer: Ethos of Transparency

Explanation: According to the twelve principles that power exceptional boards by BoardSource, principle 6 of “Ethos of transparency” states that transparency must be promoted by the board members by providing proper access and relevant information to the stakeholders, donors of the organization and also to the members of the public regarding the finances and operations of the company. In addition, transparency must be promoted internally as well where in all the members of the board must have equal access to relevant information and materials to make an informed decision.

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