Governance Institute issues guidance

The Governance Institute has issued new guidance on key issues facing not-for-profit entities.

Its Good Governance Guide canvasses issues that need to be considered in structuring NFP boards to ensure that they achieve their aims while meeting ethical, legal and financial obligations.

Under separate headings, the guide covers several things.

One section covers a need to have clear boundaries between board duties and the day-to-day activities of an organisation, which are the responsibility of management.  How does delegation work in these situations?

Another part looks at the concept of stewardship and its responsibilities for those who control NFPs.

A third advises on the need for NFPs to have clear policies and guidelines for managing volunteers, given that most NFPs operate with the assistance of volunteers.  Management of conflicts of interest is also covered.

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