The AICD have release a new and update set of AICD Not-for-Profit Governance Principles. This revised edition of reflects changes which have occurred in the sector since they were first released, more than a decade ago in 2013, and revised in 2019.
The Principles have been refined; ten principles have been consolidated into eight, they are:
• Principle 1 – Purpose, vision, and strategy
• Principle 2 – Roles and responsibilities
• Principle 3 – Board composition and effectiveness
• Principle 4 – Risk management
• Principle 5 – Performance and accountability
• Principle 6 – Stakeholders
• Principle 7 – Sustainability
• Principle 8 – Organisational culture
Each principle is presented as a chapter that comprises key points, director questions, case studies and links to additional resources. The Principles are accompanied by a concise small NFP governance checklist, as well as a brief snapshot of the overall Principles and a targeted resource on how to elevate the client voice into decision-making.
The AICD is also hosting a complimentary webinar to launch the new Principles and discuss how they can be applied to organisations. The webinar recording will be made available following the event on 19 April.