The Australian Institute of Company Directors today called on those in the not-profit-sector to take part in the eighth annual NFP Governance and Performance Study.
The Study helps contribute to a strong and sustainable not-for-profit (NFP) sector by shining a spotlight on the changing challenges and opportunities facing the sector.
This year’s NFP Governance and Performance Study is focusing on financial sustainability, risk management, culture and disability organisations.
Australian Institute of Company Directors' Not-for-Profit Sector Lead Phil Butler called on everyone who cared about the NFP sector to take part in the research.
“The NFP sector makes a critical contribution to our society,” he said.
“Listening to the NFP community about what the opportunities and challenges facing them helps the AICD build a comprehensive report that NFPs can use to build on the important work they are already doing.
“It also helps inform our future research and advocacy for the NFP community, as well as the tools and resources we develop to help NFP directors and senior executives achieve good governance.”
“This year, the Governance Study will explore the role of culture in an NFP context and its relationship to organisational performance. It will also consider how NFP boards identify and manage risk, and the attitudes that NFP directors take towards risk.”
Key findings from the 2016 study included;
- Almost half of Australian NFPs expect to either break even or make a loss over the coming three years, indicating a survive don’t thrive mentality in the sector.
- The use of performance data to measure organisational success is growing. Only 15 per cent of respondents were paid a director’s fee and 70 per cent are spending more than two days a month performing their duties.
- Two-thirds wanted more stability in government policy.
- 55 per cent wanted the administrative burden reduced.
The survey takes about 15 minutes to complete and is open to those who are either a nonexecutive director or senior executive in the NFP sector. The survey closes on Wednesday 31 May.
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