Governance is a crucial component of any nonprofit’s success. It’s also one of the hardest aspects of nonprofit leadership to get right. We have observed this truth firsthand over many years of conducting due diligence on a wide range of nonprofits, first for the Henry R. Kravis Prize in Nonprofit Leadership and now at King Philanthropies. And research buttresses this observation: In a survey of nonprofit chief executives and board chairs conducted in 2015 for the BoardSource report “Leading with Intent,” respondents on average gave nonprofit boards a grade of B-minus in overall performance. Indeed, many people in the nonprofit sector simply assume that ineffective boards are par for the course. This sort of negative thinking all too easily becomes a self-fulfilling prophecy—one that we firmly reject.