Unit #2 Flashcards
1
Q
A nonprofit board’s authority is rooted where
A
In state and federal laws and regulation
2
Q
What is the difference between Mission vs. Vision
A
- The Mission says what the organization is and does
- The Vision says what the organization strives to do and to be
3
Q
Sarbanes-Oxley grew out of what?
A
The Enron scandal
4
Q
What does Sarbanes-Oxley require?
A
- document retention policies
- whistleblower policies
5
Q
What is phronesis?
A
Practical wisdom or wisdom in action. It is what you and I aspire to. Getting things done effectively under conditions of uncertainty. Having to act in the moment.
6
Q
A
