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The Australian Institute of Company Directors Breakfast Briefing

8 November 2016 | General Interest

The Australian Institute of Company Directors™ (AICD) 2016 NFP Governance and Performance Study was the subject of this week’s Breakfast Briefing, held at the AICD Head Office, Sydney, in partnership with BBI – The Australian Institute of Company Directors.

A variety of Catholic Church governors, trustees and business leaders attended the briefing to learn from the key findings of the study: Raising the Bar. The presentation, delivered by AICD’s NFP expert Phil Butler, highlighted the key themes, challenges and opportunities the not-for-profit sector is currently facing, particularly as these relate to the Church sector.

An expert panel, comprising Dr Gerard Goldman, CEO and Principal of BBI, and Mr Lucas Ryan, NFP Policy Advisor with AICD, then responded to a variety of stimulating questions and comments from the floor.

Compiled from focus groups, one-on-one interviews and a survey of NFP Directors and Executives, the 2016 NFP Governance and Performance Study is the most up-to-date snapshot of governance across the sector. The AICD found that the sector is well-governed and achieves outstanding results. However, it has also highlighted key issues to address to raise the bar in the sector.

The research emphasised that NFPs must aim to be financially strong. This means that NFPs must make a profit that can be re-invested to achieve the organisation’s outcomes. It also underlined the importance of strategy with directors in the sector finding they are being drawn to short-term or operational matters at the expense of the bigger picture.

In addition to the themes of financial strength and strategic focus, the study delves into the need for the sector to redefine its relationship with government; the increasing level of collaboration within the sector; and the trend towards performance measurement at NFPs.

 

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