Moving from Treasurer to Director

What does it mean when you are a Treasurer of an Association moving to a Company Limited by Guarantee and then becoming a Director on the Board, and what affect does the role change bring? 

Before we start thinking about the size and sophistication of your organisation, it’s important to see things from an operational perspective when defining roles and responsibilities. Some Treasurers of Associations, who look to understand the implications for their role when moving to a Company Limited by Guarantee, become a little overwhelmed or fearful. In this video I’ll explain this is not necessary and changing to a Company Limited by Guarantee can deliver benefits and clarity for all.

When moving from Treasurer to Director, what are your responsibilities - are they different or do they remain the same? And what is there to consider for all Directors on a board?  Feel free to share your comments on our social media channels below.

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If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.

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