Position Description: Member of the Board of Directors
Overview. The Board of Directors provides governance to the Minnesota Coalition for the Homeless (MCH), represents it to the community, and holds the ultimate legal authority for the organization. The Board of Directors establishes the mission, vision, and values of MCH; sets its strategic direction and priorities; monitors performance against agreed-upon goals and benchmarks; and hires, reviews the performance of, and sets the compensation of the Executive Director.
As individual stewards of the organization, board members have four primary fiduciary duties:
- Duty of Care: Take reasonable care when making decisions for the organization.
- Duty of Loyalty: Act in the best interest of the organization.
- Duty of Obedience: Act in accordance with the organization’s mission.
- Recusal: Stand aside when there is a conflict of interest.
Individual board members also are MCH’s ambassadors to build goodwill and financial and community support.
Major responsibilities of board members.
- Strategy. Approve MCH’s strategic direction, including vision, mission, goals, and strategies. Annually review and update the strategic plan as appropriate.
- Personnel. Select, monitor, advise, support, and annually review the performance and set the compensation of the Executive Director.
- Governance. Propose a slate of directors and officers and fill vacancies as needed. Annually review the performance of the Board and take steps to improve performance.
- Ensure adequate financial resources. Protect assets and provide appropriate financial oversight. Adopt an annual budget and monitor financial performance. Review and understand reports about the organization’s financial position. Appoint independent auditors and review and accept the annual audit.
- Fundraising. Shape, approve, and participate in implementing fundraising and earned revenue strategies.
- Outreach. Promote MCH’s mission and goals to appropriate policymaking, philanthropic, and practice communities.
- Ensure legal and ethical integrity. Model and set expectations of high ethical standards and legal compliance.
- Cultural Competency. Ensure MCH is invested and continuing to develop a racial equity analysis with the use of evidence-based tools such as the IDI model and other strategies to change the way we work and to impact policy change.
Length of term. Board members are elected to a two-year term, which may be renewed up to a maximum of three consecutive terms. A board member who has served three consecutive two-year terms is eligible to serve again after being off the board for a minimum of one year.
Expectations of board members.
- Prepare for, attend and participate in-person or via conference call, committee and full Board meetings on a regular basis, and special events as able.
- Serve on at least one committee of the board and take on special assignments as necessary and able.
- Be informed about the organization’s mission, services, policies, and programs.
- Make a confidential, annual financial contribution to MCH, consistent with personal circumstances, and participate in fundraising events.
- Promote MCH to stakeholders and potential allies.
- Adhere to MCH’s Code of Conduct and conflict of interest and confidentiality policies.
- Participate in self-evaluation of board performance.
- Participate in setting the policy for the organization through:
- Creating, updating, supporting and living out the mission and vision statements.
- Determining the organization’s program and services.
- Approving the strategic plan.
- Take Intercultural Development Inventory (IDI) assessment, participate in discussions regarding cultural competency and racial equity, and help move MCH to becoming a more cultural competency organization.
- Monitor the organization’s operations through:
- Hiring and periodically evaluating the organization’s Executive Director.
- Working with and providing support to the Executive Director.
- Approving the annual budget, annual report, audit and corporate policies.
- Approving major contracts and grants.
- Reviewing program evaluations.
- Serving as a public figure for the organization.
- Advocating for the organization.
- Documenting policies and decisions to create an organizational memory.