Had an interesting question the other day, "What should a departing board member take with him/her when they leave a nonprofit?"
Hadn't really thought about it, but it's a great question. A departing board member certainly wants a record of what he/she has done with the organization. Even though no longer with the organization, there may be instances where legal action is brought against the organization for decisions made during the former board member's tenure.
My answer was to take at least:
---A copy of the audited statements and management letter from each year served. (which also gives you the auditor's name and contact information)
---A list of all board members (with contact information) from the time served.
---A copy of the Directors and Officers Insurance Policy.
---A copy of the bylaws.
---Minutes from any board (or committee) meeting where key and/or controversial decisions were reached.
Now, the odds are that none of this stuff would ever be needed. But they sure would be nice to have if things turned sour.
What would you add to this list?