2017 has been a year in which we have laid down strong new foundations for the future, to underpin growth and to ensure financial sustainability and organisational success in the years ahead.
Governance Institute’s overall strategic objective continues to be to position itself as the expert in governance in the Australian market, which in turn builds our awareness and brand strength.
But it is also fundamental that Governance Institute has the financial strength to underpin its long-term sustainability and provide the resources to allow it to deliver on its mission and vision.
To do this it needs to continue to grow. Growth in membership, enrolments in education and training and our other services will create stronger revenues, ensuring organisational sustainability and providing the financial means to fund improved benefits to members and other aspects of our mission. Ensuring a growing and vibrant Institute will also give us greater ‘critical mass’ and influence in our advocacy.
There have been a number of important initiatives in 2017 aimed at strengthening that growth. While these are already bringing positive benefits, their full impact will be seen in even better results in future years. In this sense, we have been acting to lay the groundwork today for a stronger tomorrow.
These initiatives and strategic changes include new pathways to membership, new governance training courses and improvements in our higher education courses, improvements in our professional development events such as the National Conference, new alliances with other organisations, a new digital strategy and the successful introduction of new IT platforms.
Our expanded Professional Entry Scheme (PES) was introduced in April and has already resulted in a significant increase in membership, especially in the Associate and Fellow categories. We have opened further new pathways to membership through creating two early entry options from existing Governance Institute postgraduate courses.