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Created by: Kendra Brown, 2015-2016 National Advisory Board President,
2013-2014 National Chair &
Maritza T. Adonis, 2015-2016 National Deputy Chief of Staff, 2014-2015
SRBLSA Pre-Law Director
Thoughts become actions, actions become habits, habits
become our character, and our character becomes our
destiny.
James C. Hunter, The Servant
From National Student Leader …
 NBLSA’s History and Purpose
 Survey of NBLSA’s Constituents
…to Business Owner
 Board Roles and Responsibilities
 Fiduciary Duties
 Conflict of Interest Policy
 Board Member Agreement
From National Student
Leader to Business Owner
National
• Vision
• Governance
Region
• Efficient and effective programming
• Communication
• Oversight
Chapter
• Implementation
• Engagement
NBLSA
Regions
The Chapter
WHO IS OUR FOUNDER?,
WHAT LAW SCHOOL WAS
NBLSA FOUNDED IN?
WHAT WAS NBLSA’s original
name?
WHEN WAS NBLSA’s name
changed?
Algernon Johnson (“AJ”) Cooper, former
mayor of Prichard, Alabama,
New York University Law School
Black American Law Students
Association (BALSA)
In 1983, BALSA revised its name and the
word “American” was deleted to
encompass all blacks, including those
not of American nationality. Later, the
word “National” was added to reflect th
organization’s national expansion
 NBLSA is also comprised of chapters or affiliates in six
different countries including The Bahamas, Nigeria, and
South Africa.
 The organization has over 200 chapters and is present in all
but a few of the nation’s accredited law schools, as well as
unaccredited law schools.
 Assisted in the formation of the
 Black Law Students Association of Canada (BLSAC),
 The National Latino/Latina Student Association (NLLSA),
 National Association of Law Students with Disabilities
(NALSD), and
 The National Asian Pacific American Law Student
Association (NAPALSA).
WHY DO WE EXIST?
 The purpose of NBLSA is to utilize the collective resources of the member
chapters to:
 articulate and promote the educational, professional, political, and social
needs and goals of Black law students;
 foster and encourage professional competence;
 improve the relationship between Black law students, Black attorneys, and the
American legal structure;
 instill in the Black attorney and law student a greater awareness and
commitment to the needs of the Black community;
 influence the legal community by bringing about meaningful legal and
political change that addresses the needs and concerns of the Black
community;
 adopt and implement policies of economic independence;
 encourage Black law students to pursue careers in the judiciary; and
 do all things necessary and appropriate to accomplish these purposes.
ONE THING THAT WE ARE DOING TO FULFILL OUR PURPOSE
ONE THING WE ARE DOING TO HURT OUR PURPOSE
 Audience Poll: Who Do We Serve?
From National Student Leader
to Business Owner
 A legal obligation that is owed or due to another and
that needs to be satisfied. (Black’s Law Dictionary)
 A fiduciary duty requires board members to
 stay objective, unselfish, responsible, honest,
trustworthy, and efficient.
 act for the good of the organization, rather than for the
benefit of themselves.
 exercise reasonable care in all decision making, without
placing the organization under unnecessary risk.
(Boardsource)
 Every board member needs to be a financial inquisitor.
 understand basic terminology,
 be able to read financial statements and judge their
soundness, and
 have the capacity to recognize warning signs that might
indicate a change in the overall health of the
organization.
 IMPORTANT: If a board member does not understand
something, he or she must be willing to find out the
answer.
 Board members are the fiduciaries who
 steer the organization towards a sustainable future by
adopting
 sound governance and
 financial management policies, and
 ensuring adequate resources.
 Just as for any corporation, including nonprofit
corporations, the board of directors have three primary
legal duties known as the:
 “duty of care,”
 “duty of loyalty,” and
 “duty of obedience.”
Duty of
Care
Duty of
Loyalty
You
Duty of
Obedience
 This refers to board members’ responsibility to actively
participate in making decisions on behalf of the
organization and to exercise their best judgement
while doing so.
NOTE: In limited circumstances---you can be personally liable for NBLSA’s
nonprofit financial responsibility
 VIDEO:
 When acting on behalf of the organization in a
decision-making capacity, board members must set
aside their own personal and professional interests.
The organization’s needs come first. All decisions
must be made in the best interest of the
organization.
 Examples of where parties exercised a duty of loyalty.
 Board members bear the legal responsibility of
ensuring that the organization remains true to its
mission and purpose by its compliance with all
applicable federal and state laws.
 Examples of where the parties exercised a duty of
obedience
 Finance Decisions (ie. Contracts)
 Governance Decisions (ie. Adding and removing
positions; failure to ask questions)
 Is our financial plan consistent with our strategic plan?
 Is our cash flow projected to be adequate?
 Do we have sufficient reserves?
 Are any specific expense areas rising faster than their sources of
income?
 Are we regularly comparing our financial activity with what we have
budgeted?
 Are our expenses appropriate?
 Do we have the appropriate checks and balances to prevent errors,
fraud, and abuse?
 Are we meeting guidelines and requirements set by our
funders/sponsors/laws?
(Questions adapted from The Financial Responsibilities of Nonprofit
Boards by Andrew Lang.)
Fiduciary Duties

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Fiduciary Duties

  • 1. Created by: Kendra Brown, 2015-2016 National Advisory Board President, 2013-2014 National Chair & Maritza T. Adonis, 2015-2016 National Deputy Chief of Staff, 2014-2015 SRBLSA Pre-Law Director
  • 2. Thoughts become actions, actions become habits, habits become our character, and our character becomes our destiny. James C. Hunter, The Servant
  • 3. From National Student Leader …  NBLSA’s History and Purpose  Survey of NBLSA’s Constituents
  • 4. …to Business Owner  Board Roles and Responsibilities  Fiduciary Duties  Conflict of Interest Policy  Board Member Agreement
  • 5. From National Student Leader to Business Owner
  • 6.
  • 7. National • Vision • Governance Region • Efficient and effective programming • Communication • Oversight Chapter • Implementation • Engagement
  • 9. WHO IS OUR FOUNDER?, WHAT LAW SCHOOL WAS NBLSA FOUNDED IN? WHAT WAS NBLSA’s original name? WHEN WAS NBLSA’s name changed? Algernon Johnson (“AJ”) Cooper, former mayor of Prichard, Alabama, New York University Law School Black American Law Students Association (BALSA) In 1983, BALSA revised its name and the word “American” was deleted to encompass all blacks, including those not of American nationality. Later, the word “National” was added to reflect th organization’s national expansion
  • 10.  NBLSA is also comprised of chapters or affiliates in six different countries including The Bahamas, Nigeria, and South Africa.  The organization has over 200 chapters and is present in all but a few of the nation’s accredited law schools, as well as unaccredited law schools.  Assisted in the formation of the  Black Law Students Association of Canada (BLSAC),  The National Latino/Latina Student Association (NLLSA),  National Association of Law Students with Disabilities (NALSD), and  The National Asian Pacific American Law Student Association (NAPALSA).
  • 11. WHY DO WE EXIST?  The purpose of NBLSA is to utilize the collective resources of the member chapters to:  articulate and promote the educational, professional, political, and social needs and goals of Black law students;  foster and encourage professional competence;  improve the relationship between Black law students, Black attorneys, and the American legal structure;  instill in the Black attorney and law student a greater awareness and commitment to the needs of the Black community;  influence the legal community by bringing about meaningful legal and political change that addresses the needs and concerns of the Black community;  adopt and implement policies of economic independence;  encourage Black law students to pursue careers in the judiciary; and  do all things necessary and appropriate to accomplish these purposes. ONE THING THAT WE ARE DOING TO FULFILL OUR PURPOSE ONE THING WE ARE DOING TO HURT OUR PURPOSE
  • 12.  Audience Poll: Who Do We Serve?
  • 13. From National Student Leader to Business Owner
  • 14.  A legal obligation that is owed or due to another and that needs to be satisfied. (Black’s Law Dictionary)
  • 15.  A fiduciary duty requires board members to  stay objective, unselfish, responsible, honest, trustworthy, and efficient.  act for the good of the organization, rather than for the benefit of themselves.  exercise reasonable care in all decision making, without placing the organization under unnecessary risk. (Boardsource)
  • 16.  Every board member needs to be a financial inquisitor.  understand basic terminology,  be able to read financial statements and judge their soundness, and  have the capacity to recognize warning signs that might indicate a change in the overall health of the organization.  IMPORTANT: If a board member does not understand something, he or she must be willing to find out the answer.
  • 17.  Board members are the fiduciaries who  steer the organization towards a sustainable future by adopting  sound governance and  financial management policies, and  ensuring adequate resources.  Just as for any corporation, including nonprofit corporations, the board of directors have three primary legal duties known as the:  “duty of care,”  “duty of loyalty,” and  “duty of obedience.”
  • 19.  This refers to board members’ responsibility to actively participate in making decisions on behalf of the organization and to exercise their best judgement while doing so. NOTE: In limited circumstances---you can be personally liable for NBLSA’s nonprofit financial responsibility
  • 21.  When acting on behalf of the organization in a decision-making capacity, board members must set aside their own personal and professional interests. The organization’s needs come first. All decisions must be made in the best interest of the organization.
  • 22.  Examples of where parties exercised a duty of loyalty.
  • 23.  Board members bear the legal responsibility of ensuring that the organization remains true to its mission and purpose by its compliance with all applicable federal and state laws.
  • 24.  Examples of where the parties exercised a duty of obedience
  • 25.  Finance Decisions (ie. Contracts)  Governance Decisions (ie. Adding and removing positions; failure to ask questions)
  • 26.  Is our financial plan consistent with our strategic plan?  Is our cash flow projected to be adequate?  Do we have sufficient reserves?  Are any specific expense areas rising faster than their sources of income?  Are we regularly comparing our financial activity with what we have budgeted?  Are our expenses appropriate?  Do we have the appropriate checks and balances to prevent errors, fraud, and abuse?  Are we meeting guidelines and requirements set by our funders/sponsors/laws? (Questions adapted from The Financial Responsibilities of Nonprofit Boards by Andrew Lang.)