Board Meeting

Business English

Board meeting accountability audit development orientation

ad hoc committee by-laws due diligence quorum

English

arm’s length transaction case statement executive session vision statement

1. ______________ The legal operating guidelines for a board 2. ______________ A board’s sense of responsibility, building of trust, and credibility with the public and constituents 3. ______________ An expectation that a board member exercises reasonable care and follows the business judgment rule when making decisions 4. ______________ A financial transaction where both parties act independently and agree on a fair price for a product or service 5. ______________ A minimum number of people required at a meeting in order for business to be conducted 6. ______________A meeting of a board in which no staff are present 7. ______________ Educating board members on their roles, responsibilities, their organization, and how the board works 8. ______________ A tool used in fundraising to help articulate the purpose and goals of a specific campaign 9. ______________ A term used to describe all methods of obtaining funding or support for an organization 10. ______________ A temporary committee or task force established to address a specific issue 11. ______________ A written description of the ultimate desired objective of the organization 12. ______________ A review of financial and/or legal transactions and activities of an organization

English materials by Veronica Gilhooly © Learnwell Oy 2008 www.thelanguagemenu.com

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