There are no hard and fast rules regarding how long a director can or should serve. While some nonprofits see board membership in Supreme Court terms, life-long tenure, others take very different tracks.
Some limit members to two consecutive terms, requiring a one-year break before they can be reappointed. Others stagger terms of services so that one-third of the board is elected every one to three years.
These latter practices bring in new perspectives while retaining historical memory. Stagnation is kept at bay. New board members force the group to consider new concepts and to adapt to emerging demands. That said, what’s best for any one organization depends on a number of factors. For example, in some rural or low-income communities, it may be difficult to continually seek out committed directors with equivalent contacts and expertise in a vital area.
Davis & Hodgdon has been assisting nonprofit organizations in the Burlington Vermont Metro area for more than 20 years. We are committed to helping our clients achieve their goals as they strive for financial sustainability. Specific nonprofit services include: tax planning and compliance, accounting and auditing, internal controls, board member services, fundraising, grant compliance and much more.
Visit: http://www.dh-cpa.com/nonprofit-accounting-services.html for a complete list of services.
Please feel free to call 802.878.1963 or email [email protected].