digi biz master_class_presentation_15052014
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Master Class in Good Governance presented by Mark Schultz, Governance Today Pty Ltd
www.digibiz.net.au
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Learning OutcomesAt the end of this Workshop and Mentoring session you will• Have an increased awareness of how broadband technology
can benefit our region and your not-for-profit (nfp) • Be able to identify success factors and barriers to the good
governance of your nfp and your own performacne as a board member
• Have shared best practice examples of good governance in an
nfp environment.• Have determined strategic and operational improvements to
ensure personal and board improvement
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Benefits of broadband technology
Opportunity and potential of broadband technology Enhanced productivity and global competitiveness Transformative –TeleHealth- education -services- precision
agriculture
Broadband benefits Booming demand for data International competitiveness Productivity efficiencies
Enabling a more inclusive Australia Busting the ‘tyranny of distance’ for rural and regional Australia Social Media - source of venture capital - reducing social isolation
Online resources and tools - www.digitalbusiness.gov.au
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DigiBiz - Training to get you online
The Central Highlands Digital Enterprise project is:• An initiative of the Centre for eCommerce and
Communications at FedUni• Supported by Local and State Government• Principally funded through the Department of
Communications www.communications.gov.au• Provides FREE workshops, mentoring and events that
promote the use of broadband technology
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Governance principles
‘Systems and structures can provide an environment conducive to good corporate governance practices, but at the end of the day, it is the acts or omissions of people charged with relevant responsibilities that will determine whatever governance objectives are in fact achieved’(HIH Royal Commission, 2003)
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ASX Corporate Governance principles
Principle 1 Lay solid foundations for management and oversight
Principle 2 Structure the board to add value
Principle 3 Promote ethical and responsible decision making
Principle 4 Safeguard integrity in financial reporting
Principle 5 Make timely and balanced disclosure
Principle 6 Respect the rights of stakeholders
Principle 7 Recognise and manage risk
Principle 8 Remunerate fairly and responsibly
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General functions of the board
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Foundation responsibilities of an NFP board member
Always act in the organisation’s best interest
Exercise appropriate power and discharge duties
With good faith and honesty for a proper purpose
Not use position improperly
Not use information improperly to gain personal advantage as a result of any
decision making process of the organisation
Prevent insolvent trading
Comply with other statutory liability provisions
Avoid conflicts of interest
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The legal framework – the regulatory environment
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Strategy to achieve viability
V
CSValue proposition
Capacity
Support
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Strategy and change
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Success factors: IBIS Research
Stick to one business at a time, do not diversify Aim to dominate some segment(s) of your market Be innovative, value the business IP Outsource non-core activities to enable growth Don’t own “hard” assets Have good and professional financial management Plan from the outside in, not the inside out Anticipate any new industry life cycle changes Follow world best practice for your type of business Develop strategic alliances Develop unique organisational cultures Value leadership first and management second
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Risk management
Risk management begins with five basic questions:
What can go wrong?
How likely is it to go wrong?
What will be the consequences if it goes wrong?
What will we do to prevent it?
What will we do if it happens?
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What is risk management?
Risks can be viewed and mapped in terms of probability and consequences:
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Probability and consequences
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Performance management
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The process – The Balanced Scorecard
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CEO / Management / Staff
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Board performance review
Rationale
Process
Follow up
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What makes a great board
Create a climate of trust and candor
Foster a culture of open dissent
Utilise a fluid portfolio of roles
Ensure individual accountability
Evaluate the boards performance
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An effective board member should possess
Technical competency
Behavioural competency
Self awareness
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Personal reflection
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More information and resources
Join the digital revolution
DigiBiz activities are funded by the Australian Government’s Digital Enterprise program and supported by State and Local Government
Click onto www.digibiz.net.au to register for workshops and mentoring
Online resources for business: www.digitalbusiness.gov.au