Resource Centre

Good Governance Guide — Issues to consider in relation to political donations

It is good governance for a company to establish a policy or protocol in relation to political donations in Australia.

Good Governance Guide — Technology Strategy

Good Governance Guide — Risk management policy

It is considered good governance for an organisation to have in place a risk management policy that articulates the organisation’s commitment to effectively managing risk.

Good Governance Guide — Risk framework

Managing risks can be a complex task for any organisation but necessary to ensure achievement of strategic objectives. It is good governance for an organisation to demonstrate leadership and commitment to managing risks by establishing and documenting a formal risk management framework, approved by the board.

Good Governance Guide — Board minutes: what to record, the business judgment rule

This Guide sets out the issues to consider when developing the processes and procedures in drafting minutes in relation to the business judgment rule.

Good Governance Guide — Issues to consider when recording and circulating minutes of directors' meetings

Under s 251A of the Corporations Act, a company must keep minute books in which it records, within one month, the proceedings and resolutions of directors’ meetings (including meetings of a committee of directors).

Good Governance Guide — Risk governance

Those exercising authority and making decisions within an organisation exercise power to facilitate the strategic objectives of the organisation. Each entity is faced with a range of risks that it needs to identify and manage in order to achieve strategic objectives.

Good Governance Guide — The Company secretary: separation of roles

It is considered good governance for organisations to appoint separate persons as the chief executive officer (CEO) and the company secretary of the organisation. However, it is the practice for some organisations, particularly not-for-profits, to appoint the CEO as the company secretary.

Good Governance Guide — Data as an asset

Data is a key strategic asset and the currency for the information economy. It is good governance for organisations to recognise the value and importance of data and to manage it as an asset.

Good Governance Guide — Ethical Artificial Intelligence

Ethical behaviour is important for all organisations. It is therefore good governance for boards and senior management to demonstrate a commitment to the lawful, ethical and responsible use of AI in their organisation and the behaviour of their people in the deployment of AI.

Good Governance Guide — Conflicts of interest in not-for-profit organisations

Directors have a duty under common law and under the Corporations Act to act in the best interests of the not-for- profit (NFP) organisation that they serve. Directors should not seek to benefit from the NFP, and should not be influenced by their wider interests when making decisions affecting the NFP.