Hi - sorry to be confusing on the discussion about Governance structures on today's call...
What I was trying to express is that, in my view, for associations like this there are at least two 'masters' of board members: the organization and the members
These responsibilities can be divided into 'fiduciary' and 'financial' (yes, financial is a sub-set of fiduciary, but bear with me)
- Fiduciary responsibility being making decisions and taking action for the 'correct and right' running of the organization. Overseeing according to the mandate, deciding in the interests of the org, being a solid representative of the membership as described in the mandate of the org.
- Financial responsibility - responsibility for sound financial management, securing revenue to cover expenses, (partially) delivering sufficient member value for member dues paid
These are interlinked by necessity - the bit that separates a membership-funded organization from a commercial enterprise is that there are no 'owners' or 'shareholders'.