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Non-profit corporations are entities dedicated to achieving social, charitable, or environmental objectives. Their activities span diverse and critical fields, including education, healthcare, humanitarian relief, environmental conservation, and community development. All revenues generated by these corporations are allocated exclusively to supporting their programs and initiatives, rather than being distributed to shareholders or owners. Non-profits primarily rely on donations, grants, and income derived from their services to sustain their operations. They are committed to upholding the highest standards of transparency and accountability, ensuring the successful fulfillment of their mission while maximizing their positive impact on society.
This session explores the concept of non-profit governance and its vital role in enhancing the efficiency, transparency, and integrity of organizational management. It examines core principles of corporate governance, such as the independence of the board of directors, risk management, and financial oversight, while addressing the unique challenges non-profit organizations face in achieving their societal goals. Furthermore, the session highlights best practices for developing effective policies that strengthen accountability and transparency, fostering trust among donors and stakeholders.
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Updated at: 14/07/2024