By Dave Tschantz, Vice President & General Counsel
*Editor’s note: This information was published in the November 2021 issue of Heartfelt Magazine, CHM’s monthly magazine that provides CHM membership-related tips and tricks, medical advice from doctors, testimonies from CHM members, and more. Please refer to the CHM Guidelines and applicable web pages for the most up-to-date information regarding CHM membership, sharing eligibility, and ministry news.*
In September, I discussed CHM’s standards No. 12 and No. 13: Promptly disclose information required by law and provide a copy of its audited annual financial statements upon written request; and be governed by a responsible board of directors of not less than five individual persons. This article discusses the first of the additional standards that apply specifically to CHM’s Board of Directors.
Standard No. 13(a): The board [members] shall have no family relationship to any member of senior management or any other director of the Ministry unless elected to the Board by a vote of the unrelated directors after full disclosure of the relationship.
As with so many other standards of this ministry, this one is in place to ensure transparency and accountability. At the board level, this is especially important, as the Board of Directors is the ultimate steward of the gifts provided by CHM members.
As we all know, it can be difficult for family members to be accountable to each other for their actions, particularly when money is involved. This difficulty is one the ministry avoids. The board complies with this standard and operates with full transparency. For CHM members to have confidence in the stewardship of their funds—which is essential to the sustainability of the ministry—members must know that the directors themselves will be responsible to members, ministry employees, and above all, to the Lord Jesus Christ.
My next several articles will focus specifically on additional standards that apply to our Board of Directors.