We all are entrusted with many personal and organizational assets. On the organizational level I believe the most important talent we have been entrusted with is the people we serve. The second, and not far behind, our employees who serve them. Good financial stewardship is essential to continuing the important work of serving our organizations perform, whether they are nonprofit or for-profit.
As we continue our financial management journey post five guiding principles, which you believe are essential to managing the financial talents of organizations. With each provide a brief explanation, description, or example of what you mean by that principle. For example one might be transparency: Open and honest sharing of financial information with all constituents. Many believe transparency is a key to ethics in almost any context. 250 words minimum.