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Not for Profit Governance

The importance of not for profit board diversity

Diversity within the Australian workplace featured in the news recently and it made us think about the nonprofit sector. Here we discuss not for profit board diversity.

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Online donation website security

In 2020, the ability to receive donations via your website has become more important than ever. Your website is one of the best ways to connect with potential donors.

Three chairs inside a board room

Hosting a successful virtual AGM

The Annual General Meeting season is almost upon us, but many not for profit organisations will need to consider going virtual this year. Here are some tips for hosting a successful virtual AGM.

Not for profit new Board members

Now we find ourselves deep in AGM season, where non-profits of all shapes and sizes will be electing and inducting new Board members.
We thought it would be the perfect time to share our hopes for the season.

Does fraud happen in not for profits?

Fraud in not for profits? Surely not, we hear you say. Surely nobody would try and steal funds from a good-hearted charity or member-focused association?

The questions an NFP Board should be able to answer

The Board of a not for profit (NFP) is ultimately responsible for all aspects of the organisation. The finances are a critical component and as such it is imperative that they are well-informed and in a strong position to make decisions about the future of the organisation.

Tips for good governance

Tips for good governance

In principle, good governance should be actively driven by the Board. Having a shared understanding of what good governance looks like in practice around your board table is important to ensure efficient meetings, good questions and productive discussions.

AICD’s NFP Governance and Performance Study

The tenth annual AICD Not-for-Profit (NFP) Governance and Performance Study report was published at the end of July. It highlights many of the challenges NFP directors face and discusses specific topics relating to NFP boards.

How to produce an engaging annual report

How to produce an engaging annual report

For most not for profit (NFP) organisations, their annual report is a document filled with lots of information about their activities, their audited financials and a wrap up of various departments.

Building financial reserves

A quote we are fond of (but aren’t sure where it comes from) is “not for profit is a tax status – not a goal”. We couldn’t agree more and believe that not for profits can, and should, aim to make a profit in order to build financial reserves.

Reporting to Stakeholders

Reporting to stakeholders

Federal and State regulators dictate the reporting required of not for profit organisations – and in some situations you might have to report to both a Federal and a State body.

External Conduct Standards

External Conduct Standards

The External Conduct Standards have been on the cards for some time and were recently passed in Federal Parliament. For many organisations there will be additional reporting requirements.

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