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Raising the Bar: Corporate governance for not for profits

Posted on 2 November 2016
Raising the Bar: Corporate governance for not for profits

The Australian Institute of Company Directors (AICD) has joined forces with one of the Asia-Pacific region's largest providers of online theological education to host an informative breakfast briefing in Sydney, offering practical advice for Catholic schools and Church agencies on how to strengthen their governance and strategic planning.

The event, jointly hosted by BBI- The Australian Institute of Theological Education brought together leaders from Catholic universities, aid agencies, religious congregations and dioceses.

Lasallian Mission Services recently formed a partnership with BBI, aimed at expanding access to professional development and postgraduate courses for Lasallians in schools and other workplaces.

The guest of honour and speaker at this week's breakfast was Mr Phil Butler, the Not for Profit Sector Leader with the Australian Institute of Company Directors who is a Director on the Board of Alzheimer's Australia.

Mr Butler discussed some of the key findings from the AICD's Not for Profit Governance and Performance Study which was released in September.

This landmark study highlighted an urgent need for stronger governance, strategic thinking and planning on the part of many not for profit boards in Australia.

Mr Butler spoke about the importance of not for profit organisations having board members with appropriate skills and ongoing training in strategic planning.

He also explained the importance of not for profit organisations maintaining healthy financial reserves and having clear succession plans for their senior executives.

Time was also set aside at the briefing for an invaluable Q&A session led by AICD Policy Advisor for the NFP sector, Mr Lucas Ryan and the Chief Executive Officer of BBI, Dr Gerard Goldman.

BBI The Australian Institute of Theological Education has partnered with the Australian Institute of Company Directors to offer company directors courses tailored to meet the specific needs of Catholic school leaders and board chairs.

Limited places are still available in a three day course in Sydney from 5-7 December.

 

 

The Foundations of Directorship course offers a comprehensive overview in key areas such as governance, strategy, risk and finance.

 

You can find more information and registration details here through the BBI website

Tags: Formation
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