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Legislative Update: Mandatory Board Training

Most nonprofits agree that training for its board members is advisable and beneficial. In New Hampshire, the Senate believes it should be mandatory. On January 18, the New Hampshire Senate passed a bill requiring at least one member of each nonprofit board (from organizations that receive a total of $250,000 of government funding) to attend four hours of third-party training every other year to include “instruction on fiduciary responsibilities, financial controls, relative responsibility and authority of boards of directors and corporation employees, ethics and federal and state laws and regulations governing nonprofit corporations,” according to the New Hampshire Business Review.