Final answer:
Nonprofit boards are responsible for governing the organizations they serve but do not typically manage daily operations. The board's key role is to ensure that the organization adheres to its mission and is efficiently managed, which aligns with Chait's statement.
Step-by-step explanation:
The statement 'Chait writes that nonprofit boards should manage the organizations they serve' can be addressed with concepts from business governance. In the context of nonprofit organizations, the board of directors is indeed responsible for governing and providing oversight. It ensures that the organization stays true to its mission and is managed effectively and efficiently.
Nonprofit boards typically do not manage daily operations but set the strategies and policies that guide the organization. The management of day-to-day affairs is usually delegated to executive staff. This distinction is important because it clarifies that while the board governs, it does not handle the organization's routine managerial functions.
The referenced statements about the role of the board of directors in for-profit corporations illustrate a similar principle applied in corporate governance. The board of directors in a corporation acts on behalf of the shareholders to ensure that the company is run in their interest.
However, due to the influence of top executives in nominating board members, there can be conflicts of interest, which can impact the board's effectiveness in truly representing shareholder interests.
Concerning the statement from Chait, the answer would be A) True, assuming that 'manage' is understood in the broader sense of 'govern' or 'oversee' rather than handling everyday management tasks.