A nonprofit's board of directors has a fiduciary obligation to ensure its organization's investment program is being managed in a prudent manner. Join Phil Waara, eCIO's Chief Compliance Officer, as he discusses fiduciary best practices to help ensure your board is meeting its responsibility in regard to your investment program.

Every nonprofit board has a unique makeup of individuals - varying in ages, backgrounds, and ethnicities - who come together for an organization they believe makes a difference. One of the key responsibilities of the board is to ensure that the funds are managed in a responsible and prudent manner. This typically involves selecting an advisor who can guide the board and help them fulfill their fiduciary duty - ideally an advisor who will act as a co-fiduciary.