Articles written By Better Boards

What is a Public Ancillary Fund (PubAF)?

A Public ancillary fund (PubAF) is an entity that receives and distributes money or property to charitable organisations. PubAFs are run by a company that agrees to assume the role of a trustee. They …

Sociocracy

Jump to Section Sociocracy principles Sociocracy governance structure Applying sociocratic principles at the board level Related terms Further resources Sociocracy is an organisational structure …

What are Related Party Transactions?

Related party transactions are a normal part of the business if your organisation works closely with other entities or individuals and enters into agreements. The Australian government’s regulations …

Operating Plan

An operating plan is a document that outlines the day-to-day tasks, responsibilities, timelines, and resources an organisation needs to achieve its strategic goals. It translates high-level strategy …

What Is Auspicing?

Auspicing is a fairly common practice for unregistered or unincorporated non-profits in Australian such as informal groups or new organisations that may not have legal standing on their own. This type …

Strengthening Your Governance & Leadership

Over the last 10 - 15 years an ever increasing number of Not For Profit and Social Purpose governing bodies, be they Boards of Directors, Committees of Management or similar entities have …

What is a Proprietary Limited Company (Pty Ltd)?

Jump to Section What is a Proprietary Limited Company? Pty Ltd Characteristics Difference between Ltd and Pty Ltd Benefits of Forming a Pty Ltd in Australia How to Set Up a Pty Ltd Company Pty Ltd …

Mergers & Amalgamations ... the realities & practicalities

Is your board and executives/senior management team considering a merger or amalgamation, or been approached by another organisation to amalgamate or merge? The big picture forces and trends of the …

Illiquidity Vs Insolvency

A non-profit organisation’s financial health is vital to achieving its mission. As stewards of the organisation, board members must understand two key financial concepts - illiquidity and …

Materiality

Materiality matters because it determines what information a board, auditor, or court considers significant enough to act on. This article explains how materiality works across legal, governance, …