fiduciary duty: The legal responsibility for investing money or acting wisely on behalf of another. - GOSW and Forum of Regional Associations of Grantmakers
Bylaws: Rules governing the internal operation of a nonprofit corporation. Bylaws often provide the methods for the selection of directors, the creation of committees, and the conduct of meetings. - GOSW and Forum of Regional Associations of Grantmakers Amy Sample Ward
In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — within an organization as their terms expire. - Wikipedia at: http://en.wikipedia.org/wiki/Succession_planning Amy Sample Ward
