Fiduciary duty requires board members to be objective, unselfish, responsible, honest, trustworthy, and efficient. Board members, as stewards of GBI’s members’ and stakeholders’ trust, must act for the good of the organization and exercise reasonable care in collective decision making and avoid placing the organization under unnecessary risk. Board members also have a duty of loyalty, and this means that a board member must never use information learned as a member of the board for personal gain and must act in the best interests of GBI. Lastly, board members have a duty of care, which means they take care of GBI as a nonprofit by ensuring prudent use of assets, including facility, people, and goodwill.
Please review
GBI's Meetings Code of Conduct for additional details.