Studying Not for Profit Governance
Wednesday, 9th October 2013 at 1:35 pm
The Centre for Corporate Governance, at the University of Technology Sydney, is conducting research into the current status of governance in the Not for Profit sector.
In collaboration with industry partner CompliSpace, which provides of corporate governance programs and services, the Centre for Corporate Governance says it intends to survey the extent of existing governance frameworks in charities and Not for Profits in the context of the ongoing NFP reforms.
“The new national charity regulator, the Australian Charities and Not-for-profits Commission (ACNC) is part of a broader program of reforms taking place to improve regulatory arrangements in the NFP sector, while increasing accountability and improving confidence in how NFP's manage their funding,” Research Associate, Martijn Boersma said.
“Although the reforms aim to harmonise legislation between states and territories, regulation at state and territory level still impacts NFP's differently across Australia. As such NFP's operate in a complex regulatory environment.”
Boersma said the purpose of the study is to develop guidance as to what constitutes effective governance in the NFP sector, allowing charities and Not for Profits to understand the benefits in following universal principles of good governance.
The research will be released as a public report for the Not for Profit sector.
“We hope to create a ‘state of the field’ on the back of the ACNCX and develop the potential for governance mainstreaming.”
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