Fiduciary Responsibility - Chazin скачать в хорошем качестве

Fiduciary Responsibility - Chazin

What does fiduciary responsibility actually mean? If you're a nonprofit executive director or board member, you have one, but most people don't fully understand what it entails. In this video, we break down the legal definitions and translate them into practical terms you can use. TIMESTAMPS: 0:00 - Introduction 0:16 - What is Fiduciary Responsibility? 0:54 - The Three Primary Legal Duties [duty of care section] 8:21 - Real-World Example: Conflict of Interest (What NOT to Do) 9:19 - Real-World Example: Conflict of Interest Done Right 11:08 - Whistleblower Policies & Fraud Detection 11:53 - Important Truth About Auditors & Fraud 12:45 - Wrap Up WHAT YOU'LL LEARN: The legal definition of fiduciary responsibility for nonprofit leaders Three primary duties: care, loyalty, and obedience How to exercise proper oversight and ensure organizational sustainability Real examples of conflicts of interest—both handled poorly and correctly Why whistleblower policies detect 43% of all fraud The truth about what auditors do (and don't do) regarding fraud detection KEY RESPONSIBILITIES COVERED: ✅ Duty of Care - Make prudent use of assets and exercise oversight ✅ Duty of Loyalty - Act in the organization's best interest, not your own ✅ Duty of Obedience - Ensure compliance with laws and mission ✅ Conflict of Interest - How to handle transactions with board members properly ✅ Fraud Prevention - Why you can't rely solely on annual audits 🔔 SUBSCRIBE for Parts 3-5 of our Not-for-Profit Financial Statements series! 👉 PREVIOUS VIDEO: Part 1 - Why Your Nonprofit Should Budget ABOUT THIS SERIES: This is Part 2 of our 5-part series on Not-for-Profit Financial Statements with Jackie McLaughlin from Chazin. NEED HELP? Chazin provides outsourced accounting services for nonprofit organizations. 🌐 Website: https://hubs.la/Q03YDG7W0 #FiduciaryResponsibility #NonprofitBoard #BoardGovernance #NonprofitLeadership #ExecutiveDirector #NonprofitCompliance #ConflictOfInterest #NonprofitEthics #BoardMember #501c3 #CharityGovernance #NonprofitManagement Ask