A benchmark for NFP governance

phil-butler

Hello, I’m Phil Butler, Not-for-Profit Sector Leader. Welcome to the Not-for-profit Governance Principles resource centre. This revised edition reflects the changes in the sector since they were first released in 2013, including the heightened expectations of good NFP governance. The revised Principles provide a framework for NFPs to consider good governance practices, including the board’s roles and responsibilities, managing conflicts of interest, organisational culture, stakeholder engagement and risk management.

About the Principles

The Principles provide a detailed, practical and principles-based framework to help not-for-profits to achieve good governance. The development of the Principles has been informed by detailed consultation with the not-for-profit sector.

Background to the Principles

The AICD has established the Principles as part of its commitment to promote good governance in the not-for-profit sector.

Reporting

The AICD encourages NFPs to consider assessing how their governance practices align with the Principles and consider reporting to stakeholders on this, on a voluntary, ‘if not, why not’ basis.

Consultation

The Principles draw on the experience and insight of directors, executives, their advisers and the broader not-for-profit sector.

Structure of the Principles

10 Principles

The cornerstone of the document are the ten ‘principles’ which provide a framework to understand governance in a not-for-profit context

Supporting practices

Each of the ten principles includes several supporting practices which describe the activities or behaviours of organisations that are likely to be meeting the principles.

Guidance and case studies

Detailed guidance and case studies are provided to help users to understand and apply the principles in their own unique circumstances.

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© Copyright 2020 Australian Institute of Company Directors (AICD)

version: 4.13.6.0