Glossary of Governance Terms
Here is a list of some common terms used in discussing governance in not-for-profit organisations.- Compliance: Acting within the rules/responsibilities
- Delegate: Give a task or authority to someone else
- Diligence: Being careful and persistent, showing care and effort
- Fiduciary: Looking after for someone else, "acting in the best interest of" the organisation
- Integrity: Honest and ethical behaviour
- Monitor: Check if something is done or not done, how well it is going
- Prescribe: Detailed instruction
- Stewardship: Looking after and keeping in good shape for the future of the organisation and its owners. (Sometimes referred to as "acting as trustee".)
- Viability: Can operate financially and can do the jobs required
Back to Boards: Governance Basics
