One Tree can assist and guide organisations with their corporate governance. This includes the development of policies, procedures and job descriptions that support sound governance. One Tree will ensure the Board understands their responsibilities and will assist in the development of a board manual.
What is corporate governance?
Corporate governance is the framework for the rules, relationships, systems and processes used to control and direct an organisation. It also outlines how a management committee is held to account for their actions and decisions and ensures risk is monitored, assessed and performance is optimised.
Who is legally responsible for the organisation?
Corporate governance in not-for-profit organisations is overseen by a volunteer management committee. The management committee is responsible for meeting all regulatory and legal requirements under the Associations Incorporations Act 1987
How can One Tree help?
One Tree can help by supporting an organisation in:
- developing strategic plans and Code of Ethics;
- ensuring corporate governance policies and procedures are at the required standard;
- ensuring financial controls and reporting standards meet requirements;
- risk management;
- determining remuneration is reasonable and performance review at senior level is adequate; and
- adequate decision making processes are in place.
What must a management committee ensure is in place?
The management committee should:
- establish and disclose the respective roles and responsibilities of Board Members and staff;
- ensure the Board is of a composition, size and commitment to adequately discharge its responsibilities and duties;
- actively promote ethical and responsible decision making;
- have a structure to independently verify and safeguard the integrity of their financial reporting;
- promote timely and balanced disclosure of all material matters concerning the organisation;
- respect the rights of stakeholders and facilitate the effective exercise of those rights;
- establish a sound system of risk management and internal control; and
- ensure that the level and composition of remuneration is sufficient and reasonable and that relationship to performance is clear.