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Who’s responsible for the money?

By Ann Macfarlane / April 17, 2015 / Comments Off on Who’s responsible for the money?
A close-up image of various denominations of U.S. paper currency, including $1, $10, and $50 bills, showing parts of different designs and portraits, subtly hinting at those responsible for the money's iconic features.

Some time ago Andrew Estep presented “I’ve Just Been Elected Treasurer – HELP!” at the Washington State Nonprofit Governance conference in Tacoma. One attendee requested assistance on how to explain board responsibility to the board of directors itself. Her comment stayed with me: “When things start to go wrong, people are kind of surprised at how…

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