Korean NPO Governance

The fundamental responsibility of an NPO board is to uphold, practice and demand the core values inherent in the Korean philosophy described as "nanum" (sharing).

An NPO's resources, energy and activities must be devoted to advancing public-benefit purposes, not personal or private ones.

The underlying motivation must be one of public benefit, not personal gain.

The board must focus on using valuable and limited resources responsibly, effectively and appropriately.

For the sake of the fundamental principles and values of NPO governance, conflicts must be prevented that arise when a person in a position of trust makes decisions, or enters into contracts, from which they, their relatives or their associates benefit.

It is the board's responsibility to take proactive measures to prevent unfair discrimination by the organization, including discrimination on the grounds of race, gender or disability.

In conducting its work and in its relationships with stakeholders, an NPO must demonstrate its commitment to democratic processes and decision-making.

The purpose of public welfare means that all eligible beneficiaries must be treated fairly and impartially, without special privilege or prejudice.

It is the board's responsibility to ensure that the organization's vision, purpose and values are clearly defined.

A key responsibility of the board is to keep its commitment to accountability and transparency.

Beyond financial management and budgeting, it is also the board's responsibility to raise funds appropriately so that the organization can continue to operate.

NPOs should work and cooperate with other similarly qualified organizations, other than public government welfare agencies.

When recruiting members, the board should consider a range of relevant factors, including knowledge, skills, diversity and availability.

Once formal procedures are set out in the founding document (constitution), they must be strictly observed.

The form of legal structure under which an NPO is established can determine when and how governance responsibilities arise.

Each alternative form of legal structure has its own reporting obligations for complying with the applicable laws and regulations.

The board's governance responsibility also includes responsibility for ensuring that the organization complies with all of its legal obligations.

It is a fundamental responsibility of the board to ensure that these privileges are not wasted or abused.