Top 5 Governance Best Practices for Associations

Top 5 Governance Best Practices for Associations

Legal By: John M. Peterson

Good governance is essentially good housekeeping, but with a lot more at stake. When staff and volunteer leaders understand their roles and responsibilities and carefully follow a set of best practices, the association will keep its business in good order and avoid legal messes.

Good governance goes hand in hand with good works and a good working association, society, or foundation. And the basis of good governance is a set of best practices that staff and volunteer leadership understand fully and carry out diligently. Five best practices, in particular, are crucial to running an effective and legally compliant organization: abiding by governing law, fulfilling fiduciary duties, documenting agendas and meeting minutes, acting collegially, and complying with antitrust law....