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President’s commentary — The governance of Governance Institute on display

Thank you to everyone that came to Governance Institute’s Annual General Meeting on 3 May in Sydney. We had a big turnout this year and it was wonderful to meet some of our NSW members in person.

We had over 40 members in attendance (we ran out of seats at one point) which is a fantastic result. Thank you especially to the members that took the time to take part, and raise some good questions. This is indeed the essence of good governance, and what we are all about as an association.

We concluded the evening after closing the AGM with an excellent session from Aaron Patrick from The Australian Financial Review, who gave his candid insights into the federal election, as part of an informative Q&A session with CEO Megan Motto.

There is also a ‘news’ summary of the entire evening you can read here.

I wanted to use this month’s President’s column to reiterate some of the key points for those not present, and why I believe our positioning as the voice of governance in Australia is vital. Corporate governance is in every conversation, and I will continue to push Megan and the Governance Institute team capitalise on the current opportunity.

We have laid out five key pillars to achieve that vision:

  1. Customer innovation — we listen to what our members need.
  2. Product innovation — we build best of breed products to enable our members to be best corporate governance professionals that they can be.
  3. Member engagement — we already have 95 per cent retention, and growth of 3 per cent, we want to strengthen that further. Feedback shows that we have a great product.
  4. Brand advocacy — continue to position ourselves as a key influencer, and build our profile.
  5. People and culture — maintain and grow a high quality workforce to serve our members.

We have a strong legacy reaching back 128 years, which is also a unique differentiator to other organisations.

Basically we aim to build a sustainable, dynamic and flexible organisation that will be prosperous and sustainable well into the future. We have a strong balance sheet to take us forward in achieving these goals, and continue the legacy of Governance Institute.

This is personally important to me, as one of the collective custodians of this organisation. We have a strong legacy reaching back 128 years, which is also a unique differentiator to other organisations.

On behalf of the board, I would like to take this opportunity, to thank all the members of Governance Institute who have assisted the organisation by teaching, serving on national and state councils, policy committees and other activities, and our dedicated management team and staff for their excellent performance during the year, which contributed greatly to our successes in 2018.

Without your ongoing support and involvement, Governance Institute could not have had the success it has achieved this year. I’m excited to keep that momentum going throughout the 2019 year.

Rachel Rees FGIA FCIS
President and Chair

Click the link for a full list of Governance Institute Board and State Council members.

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