The Australian Institute of Company Directors’ (AICD’s) Not-for-Profit Governance and Performance Study 2023-24 has revealed increasing demands and higher expectations has NFP directors at a tipping point.

    The fifteenth iteration of the NFP Governance Study has revealed that as the time commitments for directors increases considerably, governance arrangements are being stretched particularly in NFP sub-sectors, like aged care.

    Recent royal commissions have shone a spotlight on governance in the “care economy” and the results provide evidence that while changes are being made to enhance governance, organisations are stretched to meet increasing demands.

    Key findings of this edition of the NFP Study include:

    • Close to half of respondents (47 per cent) are spending more than three days per month on governance of their NFP.
    • Half (50 per cent) of all respondents to the survey indicated that they are spending more time on director duties compared to last year.
    • Just over a fifth (21 per cent) of respondents identified that their organisation had been the target of a cyber attack within the last 12 months.
    • Only 44 per cent of respondents reported making a profit in 2022/23, down from 49 per cent the previous year.
    • Twenty-one per cent of NFP directors were remunerated which has steadily increased from 14 per cent, five years ago.
    • Seventy per cent of respondents rated their organisation as either highly or mostly effective in achieving their organisation’s purpose.

    Download the study here

    Download the media release here.

    Now in its third year, the interactive dashboard allows users to delve into more detail of this research. Data from the survey can be filtered according to geographical region, sub-sector, and other variables such as income, to enable even greater insights on how the sector is performing.

    Click here to view the interactive dashboard

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