Governance Assessment (2)

  • How do you know that your organisation is “solvent”? (Able to pay its bills as they fall due)

          (Each member of the Board ought to be able to show how to determine “solvency” from the Financial Statements.)

  • For how many months could your organisation pay its bills if its main sources of funds dried up or were delayed?

       (Each member of the Board ought to be able to show how to determine the adequacy of “reserves” from the Financial Statements.)

Last modified: Tuesday, 3 June 2014, 12:32 PM