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May 1, 2024

AICD Launches Updated Guidance For NFP Sector

By Business, Operations

The Australian Institute of Company Directors (AICD) has released an updated version of its Not-for-Profit Governance Principles to accommodate the evolving governance landscape. This edition, acknowledges the substantial changes in the sector, prompted by regulatory reforms, societal shifts, and emerging risks like cyber threats and climate change.

The revised Principles consolidate ten into eight, introducing new aspects like sustainability and organisational culture, along with guidance on integrating client perspectives into board decisions. A governance checklist tailored for smaller organisations and real-life case studies provide practical insight.

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