Corporate Governance for Not-for-Profits

Corporate Governance has become a cornerstone of organisational success. It provides the framework of rules, practices and processes that guide how an organisation operates and makes decisions.

Strong governance ensures that organisations operate ethically, transparently, and in the best interests of their stakeholders.

This equally applies for not-for-profit entities and charitable groups (NFPs). And perhaps more so, as sound governance isn’t just good practice- it’s a legal obligation. This includes rules that bind the organisation and its members.

These rules are not a set and forget. NFPs should regularly review their governing documents to ensure that they remain current and fit for purpose for the organisation. NFPs should also ensure that they remain compliant with current laws including with respect to making sure its activities and objects still meet the requirements for charitable status and ensuring regular reporting.

Beyond meeting statutory requirements, NFPs should also have robust policies and procedures in place to support good governance. These may cover areas such as:

• Procurement
• Board appointments and removals
• Conflicts of interest and confidentiality
• Governance and meeting procedures
• Financial and other delegations
• Privacy and data management
• Dispute resolution mechanisms

So, when was the last time your organisation conducted a governance health check of its rules, policies and procedures?

At Norman Waterhouse Lawyers we can help your organisation review and refresh its governance framework to ensure it remains current and effective.

Ready to give your organisation’s governance a health check? Get in touch with Marissa Mackie on 8217 1361 or Teri Hopkins on 8217 1308.