INRC director Richard Koontz offers training sessions on Risk Management. Watch the INRC home page for information on the next available session.

Principles & Practices Citation: 

V. G. Principle – Board Risk Management

Nonprofits should engage in regular risk management regarding board liabilities.

Practices

To help minimize the potential liabilities of board members, nonprofits in Iowa should consider

  1. Entity status (i.e., incorporation, by which the entity is liable, but not those working for the corporation), 504.852 through .857
  2. Specific statutory immunity (in which acts neither intentional nor criminal are protected from liability) see Iowa Code 504.90
  3. Indemnification (nonprofit corporation law in Iowa requires in some circumstances that the nonprofit corporation to indemnify its board of directors)