Standard 1: Oversight of Operations and Staff - Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.
CI does not meet this Standard because:
- The chairman of the board of directors and the organization's finance committee chairman are the same person. On CI's board, the chairman of the finance committee fulfills the responsibilities of a treasurer.