Most nonprofit boards have a principal finance committee that oversees the financial planning and management of the organization to ensure that all fiscal aspects of operations are in order. Many also find a need for an audit committee and an investment committee. Others choose to create task forces instead, which provide flexibility and efficiency for handling various demands in the financial context of an organization. The size and complexity of an organization and its board will determine the configuration of its financial committees.
Questions answered in this chapter from Nonprofit Board Committees include the following:
This PDF includes the first chapter of Nonprofit Board Committees — Transforming Committee Structure — as well as the Financial Committees chapter.