Board Responsibilities and Oversight

Endaoment’s Board of Directors plays a critical role in guiding the organization’s strategic direction and ensuring sound corporate governance, and proper conduct. The Board is responsible for overseeing the organization’s activities to ensure they align with our mission, values, and applicable legal and regulatory requirements. Key responsibilities of the Board include:

  • Strategic Guidance: Setting the strategic direction of Endaoment, ensuring that the organization stays true to its mission while adapting to the evolving landscape of decentralized finance and philanthropy.

  • Oversight of Operations: Overseeing the management’s execution of the strategic plan and operations, ensuring that the organization’s activities are efficient, effective, and aligned with our goals.

  • Risk Management: Identifying, evaluating, and overseeing the management of risks to the organization, including financial, operational, and reputational risks. Our risk management framework can be found here.

  • Compliance and Ethics: Ensuring that Endaoment operates in compliance with applicable legal and regulatory requirements and upholds the highest standards of ethics and integrity wherever it conducts business.

  • Financial Stewardship: Overseeing financial planning, management, and reporting to maintain the organization’s financial health and sustainability and keep it in line with any applicable standards, like UPMIFA.

  • Leadership Evaluation: Regularly reviewing the performance of senior management, providing feedback, and making decisions on leadership appointments and succession.

  • Bylaws Oversight: The board is responsible for the creation, regular review, and implementation of Endaoment’s Bylaws. This includes ensuring that the Bylaws are comprehensive, up-to-date, and reflective of the organization’s mission and operational needs. This oversight is crucial for maintaining organizational integrity, legal compliance, and effective governance. Regular updates and revisions may be necessary to adapt to changes in the legal environment, organizational structure, or strategic direction. These Bylaws are meant to supersede and indeed to guide anything documented here in the Code of Conduct.

Management and Employee Responsibilities

At Endaoment, every team member plays a vital role in achieving our mission. Management and employees are expected to embody our values and adhere to our ethical standards. Their responsibilities include:

  • Implementation of Strategy: Executing the strategies and policies set by the Board, ensuring that daily operations align with our broader objectives.

  • Ethical Conduct: Upholding the highest standards of ethical behavior in all activities, including interactions with donors, beneficiaries, and partners.

  • Accountability and Transparency: Being accountable for their actions and decisions, and maintaining transparency in their roles, particularly regarding conflicts of interest and financial dealings.

  • Professional Development: Continuously seeking opportunities for professional growth and contributing to the development of a collaborative, innovative, and inclusive workplace culture.

  • Communication and Collaboration: Engaging in open and effective communication and collaborating with colleagues to enhance the organization’s impact and efficiency.

  • Compliance and Reporting: Adhering to all applicable laws, regulations, and organizational policies, and promptly reporting any concerns or violations through their manager, Endaoment’s Chief of Staff, or to the ethics mailbox. Together, the Board, management, and employees form a cohesive unit dedicated to advancing Endaoment’s mission through responsible governance, ethical conduct, and a commitment to excellence in all aspects of our work.

Risk Management Approach

We manage risk to acceptable levels through rigorous monitoring and testing, both automated and manual in nature. Endaoment maintains a proactive approach to risk management, utilizing a mix of automated tools and manual oversight to maintain a comprehensive risk assessment and response strategy. This approach includes:

  • Regular Risk Assessments: Conducting regular and thorough risk assessments to identify emerging risks and evaluate their potential impact on Endaoment.

  • Risk Mitigation Strategies: Developing and implementing risk mitigation strategies to address identified risks effectively.

  • Monitoring and Reporting: Continuously monitoring the risk landscape and reporting findings to the Board of Directors, along with recommendations for risk mitigation.

  • Policy Review and Development: Regularly reviewing and updating risk-related policies to maintain them as relevant and effective in managing current and future risks.

  • Training and Awareness: Promoting risk awareness and understanding across the organization through targeted periodic training and communication.