Articles written By Better Boards

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, …

School Governance 101

Schools face a number of challenges — and so do the boards that govern them. While concern about some of these challenges has fluctuated since 2014, high salary costs and school fees as well as …

Winding Up an NFP – Practical Tips

Winding up can be a tricky area, requiring a sustained effort and engagement between the Board, management and stakeholders to meet the various requirements involved. It is critical to ensure that the …

Difference between a Company Limited by Shares and Company Limited by Guarantee

What are the key differences between a company limited by shares and a company limited by guarantee? Is one better than the other? Under Australian law, there are two main types of company structures: …