This second aspect of the duty of obedience requires board members to ensure that the ministry complies with all applicable federal, state and local laws. There are a multitude of laws but there are a key handful that can really cause you grief. I’m going to give you four of them.
Are our payroll reports filed and are all of our payroll taxes paid?
Are all of our compensation arrangements properly reviewed for reasonableness?
Is our child abuse prevention policy operating effectively?
Are we up to date with our state incorporation renewals?
This is by no means exhaustive, but I covered four big ones that a common failures that can have significant adverse impacts.
We have a list that we provide to boards as a kind of self-assessment tool to determine if they’re being effective in matters of fiduciary responsibility. If you’d like to receive that tool, please contact me at email@example.com
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