Articles written By Better Boards

Data Room

Jump to Section What is a Data Room used for? Non-Profits Companies How to Create a Data Room What should a data room include? Virtual Data Room vs Physical Data Room What to avoid in a data room How to ensure the data room is secure Podcast Episode: Diving into Data Rooms Frequently Asked Questions Related Terms Additional Resources Data rooms are a place where companies can collect and keep financial documents that their partners, donors, and investors review and understand the business.

Building Your Organisation's Reputation Through Media

Learn how to get your positive stories up repeatedly in the media and build your organisation’s profile and credibility. There is no shortage of problems in the world and great organisations doing great work, but building your profile and showcasing your work is critical to attracting the attention and funding you want. CEO of Good Talent Media and ex ABC and SBS journalist Tony Nicholls will show you how to create a slate of great stories targeted to specific media outlets you want to reach following by the anatomy of a successful media pitch.

Effective Director Induction

Board induction is a crucial element to successfully transitioning a new board member into your organisation. An induction is essential for all new appointments and will enable your new director to make effective contributions from the get-go. But how do you effectively welcome a new director onto your board? In this webinar you will learn: why director induction is important what goes into an effective director induction program, and how to tailor an induction program to your own organisation.

From Strategy to Impact

This webinar delves into the essential role of member-based and peak body organisations within the not-for-profit (NFP) sector, particularly in offering capacity building, advocacy, and fostering connections across diverse professions and sectors. Despite their significance, these organisations often face challenges related to funding, delivering member value, and balancing their advocacy agendas. The session will explore strategies for ensuring that members and sector representatives remain central to organisational strategies, thereby driving member value and fulfilling broader agendas.

Delegation of Authority

Jump to Section What is Delegation of Authority? Exercising Delegation Delegation of Authority Policy Key Principles of Delegation of Authority Advantages of Delegation of Authority Disadvantage of Delegating Authority Documenting Delegations Frequently Asked Questions Related Terms Additional Resources Delegation of authority is an important part of the not-for-profit governance process. Corporate laws state that board directors are responsible for making sound decisions and providing acting in the best interest of their organisations.

Getting the Most Out of Board Committees

Join our panel to explore board committees, hear how to ensure they are operating effectively and gain insights on how they can add practical value and benefit to the work of your board. Use of board committees to undertake the detailed work of the board in particular areas has long been considered part of contemporary practice. While Finance and Audit Committees have been a mainstay of boards’ governance structures, today there is an increasingly diverse range of foci delegated to committees.

Board Dynamics: Overcoming Miscommunication Among Directors

Effective communication is the lifeblood of any well-functioning board of directors. When miscommunication occurs, it can lead to confusion, poor decision-making, and misalignment that undermines the board’s ability to provide strategic oversight and governance for the organisation. Just like the game of “Telephone” where a message becomes increasingly garbled as it gets passed along, miscommunication among directors can distort critical information and perspectives. There are several key factors that contribute to miscommunication within boards.

What is Strategic Planning?

Strategic planning is a critical process that helps organisations chart their future direction. With business environments continually evolving, organisations must regularly re-evaluate their strategies to ensure they maintain competitive advantage. While the fundamental principles remain the same, strategic planning today is notably different than past approaches. Table of Contents What is Strategy? What Is Strategic Planning? The Strategic Planning Process Key Trends Reshaping Strategic Planning The Board’s Role in Strategic Planning The Chairperson’s Role in Strategic Planning The CEO’s Role in Strategic Planning Evolving Approaches to Strategic Planning Overcoming Strategic Planning Challenges Elements of Effective Business Strategy How to Define Strategic Objectives Scenario Planning for Strategic Foresight Implementing Strategic Plans Pitfalls to Avoid in Strategy Execution Evaluating Strategic Plans Updating and Evolving Strategies Criticisms of Strategic Planning Alternatives to traditional strategic planning Strategic Planning Templates In Summary Additional Resources & F.

Risk Appetite

Jump to Section What is Risk Appetite? Why is Risk Appetite Important? Risk Appetite Statement Risk Appetite and Culture Monitoring Risk Appetite Risk Appetite Statement Examples Example 1: Small Not-For-Profit Club Example 2: Large Superannuation Fund Example 3: Medium-Sized Technology Firm Podcast Episode: Risk Appetite Frequently Asked Questions Related Terms Additional Resources Understanding risk appetite is critical to the operations of a business or organisation. To set clear and manageable goals, an entity must understand its appetite and tolerance for risk.

Risk Matrix

Jump to Section What Is a Risk Matrix? Advantages and Disadvantages How to Create a Risk Matrix 5x5 Matrix Risk Assessment Matrix Example Risk Assessment Matrix How to Use a Risk Matrix Risk Matrix Tips Podcast Episode: Power of the Risk Matrix Frequently Asked Questions Related Terms Additional Resources The risk matrix is an indispensable approach to understanding the risks involved with not-for-profit work and a useful tool for conducting assessments and setting priorities as a not-for-profit organisation.