Good governance is necessary in any organisation. Unfortunately it is often more challenging for smaller not-for-profits, especially when the governing entity is made up of volunteers who have huge passion and commitment but don’t necessarily possess the experience or qualification to fully enable them to excel at their function, or in their official roles.
We understand that, which is why over the past few weeks we have been Blogging about some important aspects of running meetings.
In addition, when possible, we like to share other excellent resources from reputable sources that assist us in our aim to equip and prepare you to add value to your organisation.
The Australian Institute of Company Directors (AICD) are Australia’s pre-eminent organisation for directors and are dedicated to making a difference in the quality of governance and directorship. The AICD have recently updated their publication “NFP Principles and Guidance” which we would like to share with you in the attached pdf.
This publication presents ten principles that promote good governance and includes such topics as: the need for clarity in member’s roles and responsibilities; risk recognition and management; board effectiveness; organisational growth and more.
Tri-meridian has assisted many not-for-profit clients over the years and from a place of experience and understanding we are pleased to recommend this publication to you as a valuable tool and resource.
If anything in this resource raises questions or concerns and you feel it would be helpful to seek professional legal advice we invite you to make contact with us.
For further information, please contact the author.
This article is posted in Adelaide, South Australia by Tri-meridian Corporate & Commercial Law and is intended to be used as a guide only. It is not, and is not intended to be, advice on any specific matter. We do not accept responsibility for any acts or omissions resulting from reliance upon the content of this article. Before acting on the basis of any material in this article, we recommend that you consult your professional adviser.