Board members have a fiduciary duty over the organization and its resources. This book, provides a preliminary understanding of the nonprofit legal landscape delivered in easy-to-understand terms. It discusses the concept of fiduciary responsibility, summarizes strategies for protecting board members from personal liability, and outlines the policies and procedures that, increasingly, are becoming best practices within the sector. It also includes an appendix with several samples of recommended board policies and a glossary of legal terms and concepts.
Legal Responsibilities of Nonprofit Boards, by Bruce R. Hopkins Washington, DC: BoardSource, 2003. Find it on BoardSource.