AICD calls on NFPs to have their say on new Principles

The Australian Institute of Company Directors is seeking the views of the Not-for-Profit community in its review of the Good governance principles and guidance for not-for-profit organisations.

First released in 2013, the landmark Principles set out 10 fundamental principles of good governance for not-for-profit organisations.

Each of the principles is supported by guidance on how they can be applied in practice and provides commentary on the role of boards and directors in implementing them.

AICD Managing Director & CEO Angus Armour said that five years on from the original publication, it was time to update the Principles to reflect the new challenges and opportunities facing governance leaders in the NFP sector.

“The sector has told us that that this guide has been an incredibly valuable tool for NFPs of all shapes and sizes,” he said.

“We want to ensure that the new guide is an even more effective and useful tool for directors in achieving good governance, as well as one that can be used by a wide range of NFP organisations.

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