The Role of the Board of Trustees vs. the Board of Directors | BoardEffect

The roles of the board of trustees vs. board of directors are similar, making it common for people to use the terms interchangeably. While both positions have a strong role in governance, distinct differences set them apart. Regardless of the title, the roles and responsibilities for both positions are outlined in the bylaws.Today, good governance is in the spotlight in every type of business and organization.Board management softwareis the best way for boards to fulfill their fiduciary duties and remain responsible stewards andleaders.What Is a Board of Trustees?A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. Trustees are usually not paid for their duties, but they sometimes are. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization.The most common types of organizations that would use trusteesare:HospitalsUniversitiesNonprofit organizationsLocal governmentsTrustees...