Articles written By Better Boards
Better Boards connects the leaders of Australasian non-profit organisations to the knowledge and networks necessary to grow and develop their leadership skills and build a strong governance framework for their organisation.
Director Financial Literacy
Each individual director is required by law to be able to ‘read and understand financial statements’. But how much does each individual director without an accounting background need to know to meet this legal threshold, and how does a director know if he or she has the requisite capability for monitoring their organisation’s finances? To help directors answer these questions researchers at Queensland University of Technology have developed a competency framework for director financial literacy and a simple online test for assessing whether directors are financially literate.
How to Get Your Alliances Off the Ground
Adapting to deregulation of markets for government funded service delivery is one of the greatest challenges for Not-for-Profit (NfP) providers at present. The shift to consumer driven markets combined with the funding squeeze being felt in all parts of the sector has many Boards and leadership teams questioning the future viabilities of their organisations. Innovation solutions to these challenges often requires funding and resources that are beyond most NFPs. Some organisations are discovering that the answer lies in what NFPs have in the past found a natural fit – working and collaborating together.
What is board meeting software?
Board meeting software (also known as board portal software) is a specialised type of application built for the specific purpose of improving an organisations governance and board meetings. This improvement is typically achieved through the software streamlining the administrative tasks a board of directors and/or it’s support staff must undertake. Board meeting software can also be used to improve many other types of meetings at board and executive level in your organisation including: committee meetings, advisory board meetings, executive team meetings, subcommittee meetings and board task force meetings.
Build an Effective Board: Practical & Actionable Tips
Having seen the good, the bad and the ugly from many not-for-profit (NFP) boardrooms we’ve picked up plenty of the best (and worst) practices for improving how your NFP board operates. From how to build a director recruitment “machine” to how to make your meetings more effective, we’ll unpack and share lots of practical tips and insights during this webinar. Put your best foot forward with a tool kit of immediately actionable tips to make your board better.
Co-designing Your New Business Model
For boards of community businesses (NFPs) the move to a customer-driven, competitive marketplace is a radical departure from their known industry/sector context to which they and their management team were perfectly adapted. An old business model cannot operate in a new paradigm. Co-designing a new business model is mission critical, trying to hang on to your existing business model is a death knell; the rules and processes that supported the old business model will be defunct.
Directors' Duties: Lessons from the past to guide future conduct
It is said that those who fail to learn the lessons from mistakes of the past are doomed to repeat those mistakes. Another saying often attributed to Einstein is that the definition of insanity is doing exactly the same thing over and over again but expecting a different result. In this webinar you will learn about: Directors’ and Committee Members’ duties to their organisations (both companies limited by guarantee and incorporated associations).
The Board's Role in Strategic Transformation
For boards, chief executive officers and executives of community businesses (NFPs) the move to the customer-driven, competitive marketplace is a radical departure from their known industry/sector context. Planning and executing a strategic transition of one’s organisation, a re-engineering of the business model and a reinvention of the culture is a very significant and complex project that many leaders need to undertake. Coming to grips with the realities and practicalities of such a project can be daunting, to say the least.
The Board Portal: An essential part of your boardroom?
The adoption of online board portals is part of a growing trend of embracing e-governance in both non-profit and corporate boardrooms. The expanded use of technology in the boardroom can be very cost-effective, boost efficiency and is a real time-saver for both board members and support staff. It also opens up in-your-own-time opportunities for directors to communicate and collaborate outside of board meetings. This article will hopefully clarify how board portals work, and help you to make a more informed decision about whether your organisation could benefit from a greater use of technology in the boardroom.
Keep Calm and Embrace the Numbers
Board members of not for profit organisations come to the table with a mix of skills and experiences which makes their contribution special. However when finances aren’t their thing, making financial decisions and approving the financials can be intimidating. Most Directors are aware of their individual responsibility to ensure the organisation is solvent, the importance of being able to read the financial reports, ask probing questions, analyse financial risks and make decisions.
Artificial Intelligence for NFP Directors
This webinar will explore of the impact that the set of technologies commonly known as “Artificial Intelligence” will likely have on NFP organisations today and in the near future. There is a lot of hype around the disruptive nature of Artificial Intelligence, particularly in mass media, but what does it actually mean for boards of not-for-profit organisations? How do you seperate the hype from reality? How you can ground your boardroom discussion on this topic in the strategic realm rather than the futurist realm?