What is corporate governance?

Corporate governance is the system by which your club or association is controlled. It is about how your club or association manages its resources to good effect for both members and stakeholders.

Good corporate governance is about:

1. Planning - Developing strategic goals and objectives, and determing how these can be achieved.
2. Organisational performance - Monitoring the performance of the club or association against performance targets to ensure the goals and objectives are achieved.
3. Leadership - Ensuring the club or association is governed responsibly with the best interests of members and stakeholders at the core of decision making.

Benefits

Good governance allows:

• Better management - Good governance encourages better managed and more efficiently organised clubs or associations.
• Improved communication - A well-run club or association facilitates better informed members and volunteers.
• Sustainability and growth - Careful business planning and implementation of policies and procedures helps sustain and develop your club or association and the sport.
• Attracting sponsors - Sponsors are more likely to link up with efficiently run organisations.
• Appealing to insurers - Generally insurers have a higher regard for clubs or associations with good governance practices. This may result in reduced premiums.
• Increased membership - Parents are more likely to enrol children in a club or association that is being well managed.
• Enhanced reputation - Through satisfied members the profile and reputation of your club or association can be raised.

Everyone needs to know

Anyone who becomes a director or executive member of a board or committee must fully understand their responsibilities, as well as the key operational aspects of their club/association.

Download our corporate governance powerpoint presentation to assist educate your club/association board or committee members in:

• What is corporate governance?
• Responsibilities
• The role of boards and committees.

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