Good governance guides for NFPs

Managing real, potential and perceived conflicts of interest is essential for charities if they are to protect their reputations.  Conflicts of interest – both perceived and real – are common but problem-free if properly managed.

To help charities handle potential problems, the ACNC has launched a new guide, Managing conflicts of interest.

The guide provides practical advice and case studies.  It defines conflicts of interest and the steps charities can take to identify, prevent and manage them.

It explores board members’ disclosure duties and answers some of the sector’s most frequent questions on the topic.  It also provides a template policy and a register of interests to help charities manage conflicts of interest.

While written in the context of charities, the guide’s principles have application to all NFPs.

Managing conflicts of interest – a guide for charity board members is available for download at acnc.gov.au/conflictsofinterest.

The Governance Institute Australia makes available the following good-governance guides to help the NFP sector:

  • Board structure
  • Separation of authority between board (council) and management
  • Stewardship and social responsibility
  • Volunteer management
  • Conflicts of interest, and
  • Risk-management policy.

The institute has also issued three good-governance guides applicable to all entities.  They are:

  • Issues to consider when developing a policy on delegations of authority
  • Issues to consider in board evaluations, and
  • Issues to consider when developing a policy on bribery and corruption.

The ACNC’s guide and the Governance Institute’s good-governance guides provide NFPs with a good basis from which to develop their own internal policies and procedures.  The guides also provide benchmarks for internal audit engagements.


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