Originally written by Paul Thares, former SDSU Extension Community Vitality Field Specialist.
One of the important challenges that many board members and boards have: they lack a strong understanding of their legal duties.
Three Duties at the Root of All Board Member Actions
At the root of conflicts of interest, non-independence, and self-dealing are three simple standards: duty of loyalty, duty of care, and duty of obedience (Herrington, 2017).