Governance

All organisations irrespective of whether they are publicly listed companies or a mum and dad business take stock on what skills they have, and what they might need in the future in order to support their business. Charities and not-for-profit organisations like yours have to consider these aspects too to enable better organisational sustainability & effectiveness and create a bigger impact in our community.

The aim of the Director Identification Number (DIN) is to prevent the appointment of fictitious directors and enable their profiles and relationships with companies to be traced.

Lifting the ability for the ACNC to properly regulate the sector will require all charities and not-for-profits to lift their governance and compliance activities. The Impact Suite’s Social Impact Rating is a great way to check how your charity is performing and identify areas of improvement.

The charity and not-for-profit sector is governed by national and state based regulators, each of whom have their own compliance requirements. With any decentralised system comes variance which creates challenges particularly for larger charities who operate in multiple jurisdictions. Part two of our series provides more details of the regulatory change expected in the not-for-profit sector.