TO GEVERS..
Stay ethical and legal
According to The Trustee Handbook (a publication I highly recommend, from Exponent Philanthropy), board members have three overarching duties when it comes to serving their foundations:
Duty of Care – This means caring for the interests of the foundation in terms of its management, investments and pursuit of charitable interests. It means making decisions that a prudent person would make, no matter what the circumstances.A good board member fulfills the duty of care by staying aware of the foundation’s business and operations (including investment performance), attending all board meetings fully prepared and ready to engage in discussion and maintaining an understanding of the legal and regulatory requirements that govern foundations.
Duty of Loyalty – This means serving the best interests of the foundation above any personal interest of your own.A good board member avoids conflicts of interest (such as when he or she has a personal or professional interest in a proposed transaction) and abstains from voting or attempting to influence the outcome if a conflict is present. A good board member also understands the IRS rules about “self-dealing” on foundation boards and understands how to avoid transactions that may be called into question. (Self-dealing rules are complicated and easy to violate unwittingly, but they can carry steep penalties. It is always best to consult outside legal counsel to advise on self-dealing issues, and to attend trainings about self-dealing that are offered by many foundation member associations).
Duty of Obedience – This means following the rules: both the internal rules of the foundation, such as bylaws or policies, and the external laws and regulations that govern foundations, so as not to jeopardize the foundation’s tax-exempt status. And, of course, it also means refraining from criminal behavior (such as theft or embezzlement) and from questionable activities, such as taking or providing excess compensation or using foundation assets or facilities for personal benefit.
Don’t let it go to your head
Never, ever forget that, as a board member, you are in a position of service and servant leadership, period. Yes, you will sense an increase in power. (As one colleague of mine likes to point out, you automatically become better looking, smarter and wittier the second you join a foundation board.) Never fall into the trap of thinking that the foundation represents “your” money, that you can allow your personal preferences to guide your decision-making or that others who seek your assistance have to prove themselves to you.
Arrogance, condescension and superiority are the strict enemies of every foundation board member. Remember, it’s your attitude, your humility, your grace and your respect for others that will ultimately determine whether your foundation is an effective community asset and partner or a resented and disconnected institution that just happens to have money.
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Serving as a foundation trustee is serious business, and it’s hard work. It can be a very public position that is fraught with temptation. But it’s also an incredibly rewarding experience that can bring you closer to your community, make you a wiser and more thoughtful person and allow you to leave a personal legacy that can have a positive impact for years to come.
Want to learn more about effective foundation boards? Read “10 Essential Roles for Foundation Boards,” or browse other topics at putnam-consulting.com.
Gevers you need to read and if you cannot do the above then you must leave ..
Remember gevers you also have a wallet waiting with tezzies in my guess is you have loads..
So this could be your freedom your wallet no wallet then your finished in every way possible ..
In business in life in your soul you will be finished..
So don't spoil your last hope on this planet..
YOUR TEZZIES
..
You have to use the monies to spend on why the foundation was set up in the first place..
Read above STICK TO THE MISSION ..
No missions for the public interest as in tezos missions then you are SACKED by the 20TH JAN 2018..
WHY for being a waste of time and space..Also a bad liar and no good for anyone's businesses ..
Why should people wait for you GEVERS with the MONETAS business ?..
Total waste of time waiting for you to do anything?..
YOU CAN ALWAYS PROVE US WRONG
..
I don't thinks people are wrong about how bad you are BUT still could get proved wrong
buts i don't thinks everyone is wrong..
The 20th is enough time been given to do SOMETHING..Even a cap with TEZOS ON
..SOMETHING
..
See Tezos will need to get someone better than you if by 20TH you done nothing..
The community shouting OLAF
..
I LIKES KEEN PEOPLE..They gets things done
..