Summary

In this lesson, the importance of the governance function is highlighted. Governance review encompasses evaluating the board's structure, practices, and performance to ensure alignment with the organization's mission and goals.

During the session, two tools are introduced to enhance governance and ethical seriousness in board service. Boards are advised to address short and long-term priorities while creating principles, practices, and policies to fulfill the organization's deep purposes, especially for social impact organizations.

The session also includes a Governance Check-Up tool structured around the three fiduciary duties of board service:

• Commitment | Duty of Loyalty
• Competence | Duty of Care
• Compliance | Duty of Obedience

Additional points for consideration are:

• Assessment tools like Board Capacity Building Assessment, Annual Calendar, and Annual Affirmation Agreement
• Opportunity to assess the board's readiness in establishing policy, direction, resource pathways, and accountability

Ultimately, the session emphasizes the vital role of effective governance in achieving the organization's mission and goals through structured practices, assessment tools, and addressing governance growth priorities.