2024 Not-for-Profit Governance Principles - Third Edition

The Australian Institute of Company Directors (AICD) has released it Third Edition of its Not-for-profit Governance Principles, following earlier releases in 2013 and 2019.

The principles are:

• Principle 1 – Purpose, vision, and strategy
• Principle 2 – Roles and responsibilities
• Principle 3 – Board composition and effectiveness
• Principle 4 – Risk management
• Principle 5 – Performance and accountability
• Principle 6 – Stakeholders
• Principle 7 – Sustainability
• Principle 8 – Organisational culture

Resources include the full report, a snapshot summary and a checklist for smaller NFPs.