ABOUT THE COURSE
Governance, risk, financial performance and strategy.
The Governance Foundations for Not-for-Profit Directors program will provide participants with an understanding of directors' fundamental compliance and performance-related roles and responsibilities, specifically in the areas of governance, risk, financial performance and strategy.
The course is designed for first time directors or aspiring directors considering taking a position on a not-for-profit board. Executives at not-for-profits will also gain a deeper understanding of the functions of their boards.
This program is suitable for:
- Executives accepting their first directorship
- Those who are considering accepting a directorship
- Executives who report directly to a board
- Directors who are seeking to transition into not-for-profit directorship
- Directors of not-for-profit companies and community organisations
Upon completion of this course, you will be able to:
Identify the key duties and responsibilities of directors in the not-for-profit environment
Understand governance structures as they apply in the not-for-profit context
Consider the differences/ similarities and nuances of the director’s role in the not-for-profit and for-profit sectors
Explain the role of the board in developing strategy
Establish the link between strategy and risk management, risk culture and effective leadership
Review financial statements and the linkages between them
Discuss how directors in the not-for-profit sector can link the financial statements to understand the ‘financial story’ and health of the organisation
This interactive course is led by a facilitator with extensive real-world experience in the not-for-profit sector.
The one-and-a-half-day program includes the following three sessions:
Duties and Responsibilities of the Not-for-Profit Director
Gain an understanding of the role of the not-for-profit director in governing the organisation and how this differs from the for-profit sector.
Strategy and Risk for the Not-for-Profit Director
Gain an understanding of the director's role in setting and overseeing strategy whilst monitoring risk and learn to enhance organisational performance through effective contribution to strategy formulation.
Finance for the Not-for-Profit Director
Learn to interpret the major elements of financial statements and the linkages between them to evaluate an organisation’s financial performance.
To further support your learning, participants will receive complimentary access to Interpreting Financial Statements (eLearning course) and a recording of The Role of the Not-for-Profit Director webinar. It is recommended participants access these resources prior to attending the program.
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