Articles written By Better Boards
What is a Director Identification Number?
The Australian Government is working to modernise the Australian Business Register. As part of this project, as of November 1st 2021, The Australian Government has introduced the Director Identification Number (DIN) system. What is a Director ID? A Director Identification Number is a unique number given to each company director (or each person who intends to become a company director) in Australia who has verified their identity with the Australian Business Registry Service (ABRS).
How to Handle Conflicts of Interest On Your Not-for-profit Board
Conflicts of interest are likely to arise in any not-for-profit organisation. How you manage them can improve or damage your organisation’s reputation. A conflict of interest arises when the interests of a not-for-profit organisation’s leadership, or their friends or family, conflicts with the best interests of the organisation. The three prongs to handling conflicts of interest are: identifying them, putting steps in place to prevent them, and managing them well when they arise.
What is a board portal?
A board portal is a secure piece of software, utilised by an organisation’s boards of directors, advisory board, committees, subcommittees, board task forces and their respective members or directors, to manage the ‘business’ of the board. Board portalsoffer a range of features (depending on the vendor providing the portal service) that allow directors, executives, senior leadership teams, and others who report to the board to interact with or support the work of the board, to share information and efficiently collaborate with each other.
How to run remote board meetings securely and effectively
Remote meetings present technological, social, legal and security challenges. But they also offer convenience, an opportunity to expand your board’s membership and a catalyst to evaluate the effectiveness of your meetings. Access to technology and digital literacy are vital to successful virtual meetings. Provide any skills training board members need to confidently participate in video or conference calls. Security is a particular concern with remote meetings, so review your company’s security protocols and make sure you understand any risks involved with the technology you use.
What is the difference between a non-profit organisation and a charity?
In Australia: Despite its liberal colloquial use, the term “charity” actually has a very specific meaning in Australian law. Only some types of organisations are recognised as charities. Charities are a type of non-profit organisation. Not all non-profit organisations are charities but all charities must be not for profit. In order to be legally recognised as a charity, an organisation must meet a strict set of requirements and be endorsed by both the Australian Charities and Not-for-profits Commission and the Australian Taxation Office.
Evaluating the CEO: essentials for not-for-profit boards
Like any employee, your CEO needs a regular formal evaluation of their performance in the role. It holds the CEO accountable to their role, but also ensures that the board is actively meeting its duties to their organisation. The benefits of doing a proper CEO evaluation is invaluable. Growth Evaluations provide a CEO with an overview of their efforts. It helps them understand their strengths and weaknesses and gives them direction for areas where they can continue developing professionally.
Recruiting for Not-For-Profit Boards: Building Strong Foundations
With the landscape of not-for-profit governance constantly changing, it is crucial that boards recruit appropriately skilled and qualified directors who can help drive the organisation towards its mission and goals. Yet, boards continue to suffer from underperforming directors, ego-driven attitudes, and constant disagreements. While managing performance is an important part of maintaining a high-performing board, it is equally as important to have a clearly defined recruitment process for bringing in new directors.
Better Boards Conference 2019
Conference Downloads Speakers’ presentations from the 2019 Conference in Brisbane are available as downloads through the links below: CEOs Summit – Friday 2 August Workshops The CEO’s Role in Strategic Transformation – Dagmar Parsons Creating Deeper Corporate Partnerships to Maximise Your Social Impact – Phil Preston Working With Your Board: Strategies for Success – Chris Scott Navigating the Governance Journey: CEO’s Perspective in Developing a Board – Lynne Moran [No Slides] The Mind of the Change Maker: How to Get Better Performance from Your Leaders – George Liacos
From Inc to Ltd: Making the change to Company Limited by Guarantee
Not-for-profit (NFP) organisations face more demand for structure, accountability and transparency than ever before. Not only are there more NFPs that are growing into multi-million and multi-billion dollar entities, but there are also more public and government expectations of NFPs than in the past. In line with this trend, NFPs around Australia have been transferring from incorporated association to company limited by guarantee and this trend continues to grow, especially in increasingly competitive markets.