Board Oversight Quiz

Knowledge check

Review the questions below to test your understanding of the material covered in this course. This quiz is for self-assessment — there is no grading or pass/fail.

1. What are the three fiduciary duties of a board member?

2. How often should your organization review its Investment Policy Statement?

3. What section of a quarterly report shows whether your portfolio is within policy ranges?

4. When should a board member recuse themselves from a vote?

5. What is the difference between restricted and unrestricted funds?