Similarly, policy documents may set certain limitations on the executive. For example, the board may have a policy regarding finances that states the executive will not un- reasonably risk organizational assets, including property, unnecessary liability, insuf- ficient fund controls, or investing organizational surplus in insecure instruments. Or the board may have a policy limiting the executive from imprudent business practices, such as treating employees unfairly or choosing violating ethical standards relative to the organization’s field of practice. With such policies in place, the board can hold ac- countable the executive who has failed to observe these limitations
