The Australian Institute of Company Directors (AICD) is calling for a national reform agenda for not-for-profit organisations around regulation, the harmonisation of the definition of “charity” across all jurisdictions and five year government funding agreements.
The AICD has released a new report, “Governance of the Nation: A Blueprint for Growth”, which details reform priorities that could be implemented over the next two years to generate better economic and social outcomes. The document recommends improved funding certainty with a best practice model of five year cycles, 12-month notice periods, freedom to voice concerns in public debates and an investment in internal capabilities.
For more details, refer to the Pro Bono article here.