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Board & Governance

How to evaluate a board before joining

By Board & Governance, Business

This article emphasises the critical importance of due diligence for individuals considering joining a board, whether for-profit or nonprofit.

It underscores the necessity for directors to thoroughly investigate potential risks, including personal financial liability and reputational damage, before accepting a position. The AICD director tool is recommended to guide aspiring directors in conducting the necessary inquiries to align their skills and experience with the needs of the board.

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Impact measurement and governance

By Board & Governance, Business

In response to the heightened need for transparency and accountability in the for-purpose sector, impact measurement has become a crucial requirement.

The 2022/23 NFP Governance and Performance Study highlights the ongoing challenge for many organisations in effectively measuring their outcomes. This introductory guide serves as a valuable resource for NFP boards aiming to comprehend and implement impact measurement practices. It provides a foundational understanding for boards seeking to establish frameworks for managing, measuring, and reporting on their organisation’s impact.

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Changes in reporting requirements for NFP organisations​

By Board & Governance, Business, Operations

From 1 July 2023, not-for-profit (NFP) entities with an active Australian business number (ABN) are required to lodge an annual self-review return to access income tax exemption. 

Announced as part of the 2021-22 Federal Budget the new measure is intended to enhance transparency and integrity, by ensuring only eligible NFPs access income tax exemption.

The annual self-review return will need to be lodged between 1 July and 31 October 2024. Further information on the ATO Website. 

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Ready or not: not-for-profits in start-up land​

By Board & Governance, Business, People & Culture

The shift in generational values and work culture is evident in the selection of CEOs for NFP organisations, where candidates exhibit characteristics more akin to start-up culture than traditional charities. 

This change reflects a generational preference for short-term projects and a belief in the potential of anyone to manage tasks, challenging the status quo within these organisations. The not-for-profit sector must adapt to this evolving landscape, embracing innovation, diversifying income sources beyond grants and donors, and being willing to cut ineffective programs. 

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Sue Woodward AM reforms the NFP sector​

By Board & Governance, Business

Sue Woodward AM, the Australian Charities and Not-for-profits Commission’s (ACNC) new commissioner, brings extensive experience to the role, having played a pivotal role in the formation of the ACNC. She returns with fresh insights and knowledge after serving as its first director of policy and education. 

In her current role, Woodward is committed to maintaining public trust and confidence in the sector, especially in light of the challenges faced by charities dealing with increased demand and funding pressures. 

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Not-for-profits are write on message

By Board & Governance, Business

Open letters co-signed by dozens of charities and not-for-profits have become a powerful weapon to pressure governments into action.

For people passionate about their work in the not-for-profit sector, the capacity to advocate for a cause is a natural extension of the practical help they provide to those in need.

It wasn’t always that straight forward.

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Charity regulator investigations increasingly complex: ACNC report

By Board & Governance, Business

A quarter of the 2,106 concerns involved mismanagement of charity funds, according to the Australian Charities and Not-for-profits Commission (ACNC) 2022-2023 Annual Report.

The report revealed 55 investigations by the regulator were finalised, a number lower than the 96 completed the previous year partly due to the “increased complexity of the cases.”

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What a CEO wants from their Boards​

By Board & Governance, Business

The article features insights from three prominent CEOs—Kate Russell of Supply Nation, Mark Fitzgibbon of NIB, and Lisa Claes of CoreLogic International—discussing their experiences and perspectives on leadership, succession planning, and key qualities of effective CEOs and chairs. 

These leaders collectively emphasise the importance of adaptability, customer focus, and strong relationships in successful leadership.

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PODCAST: No campaigner Warren Mundine lays out his case against the Voice

By Board & Governance, Business

Warren Mundine is a Bungulung man and one of those leading the charge opposing the referendum for an Indigenous Voice to parliament. He was the national president of the Australian Labor Party in 2006, before making the switch and becoming a member of the National Advisory Council under Prime Minister Tony Abbott.

With just under four weeks to go until the referendum, he sits down with Tom Tilley to discuss why he remains adamant a Voice is not the silver bullet to fixing First Nation problems, and how campaigning for a No vote has impacted his own mental health.

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