20 Questions - Canadian Institute of Chartered Accountants

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How to use this publicationEach “20 Questions” publication is designed to be a concise, easy-to-read introduction to an issue of importance to directors. The question format reflectsthe oversight role of directors which includes asking a lot of questions. For each question there is a brief explanatory background and some recommendedpractices.The questions are intended to be relevant to most not-for-profit organizations. The “answers” or comments that accompany the questions summarize currentthinking on the issues and practices of not-for-profit governance. There are many views on the best way to govern and manage not-for-profit organizations anda number of governance models. This document describes general principles that apply in most situations. If your organization has a different approach, youare encouraged to test it by asking if it provides a valid answer to the question.After the comments there are lists of recommended practices that directors can use to assess their understanding of their organization and to prompt furtherquestions if they are not fully satisfied with the answers. They represent aspirations, not absolute standards that must be met immediately.Directors who come from a for-profit business may find that their experience, although helpful, will not always provide the best answers in the not-for-profitenvironment. Appendix 1 compares and contrasts corporate and not-for-profit governance.Readers who want more details on specific topics may refer to the section on “Where to Find More Information.” Most of the CICA 20 Questions series ofpublications for directors were written for business boards but are relevant to not-for-profit boards.AuthorHugh Lindsay, FCA, CIPProject direction byBeth Deazeley, LL.B., Principal, Risk Management and Governance, CICAINSTITUTEOF COR PORATEDI R ECTORS
20 QuestionsDirectors of Not-For-Profit Organizations Should Ask aboutStrategy and Planning
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20 Questions - Canadian Institute of Chartered Accountants

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