The Board Rules

Founding an MFI Board

As microfinance providing institutions transition to formal, local organizations, decisions about governance and ownership become major issues. This book provides guidance that makes the process a less daunting task.

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Kim Wilson

Contents

Section 1: Preparation	1
Board Myths	3
Board Formation	7
Define Your Strategy	13
Section 2: The MFI's Founding	23
The Founding Board	25
Board Composition	29
Motivational Issues	35
Member Recruitment	37
Board Officers & Committees	43
Founding Documents	47
Section 3: The Founding Years	53
Managing the CEO	55
Board Meetings	36
Keeping Minutes	69
The First Year Plan	71
Financial Matters	77
Tips for the CEO	81
Transferring Powers	87
Section 4: Conclusion	91
Two Boards of Directors	93
Final Thoughts	97
Selected Resources	99