The Board's Duty of Obedience, Part Two

Published: July 9, 2019, 5:28 a.m.

b'This second aspect of the duty of obedience requires board members to ensure that the ministry complies with all applicable federal, state and local laws. There are a multitude of laws but there are a key handful that can really cause you grief. I\\u2019m going to give you four of them. \\n\\nAre our payroll reports filed and are all of our payroll taxes paid?\\n\\nAre all of our compensation arrangements properly reviewed for reasonableness? \\n\\nIs our child abuse prevention policy operating effectively?\\n\\nAre we up to date with our state incorporation renewals? \\n\\nThis is by no means exhaustive, but I covered four big ones that a common failures that can have significant adverse impacts.\\n\\nWe have a list that we provide to boards as a kind of self-assessment tool to determine if they\\u2019re being effective in matters of fiduciary responsibility. If you\\u2019d like to receive that tool, please contact me at jcross@villagemissions.org'