- WAPO should ensure that it follows the key rules for Best Practice governance
- WAPO should review our documentation and incorporate any elements of best practice document below
- WAPO should have a robust documentation and reporting system and allocate roles and responsibilities to the Board
- WAPO should document their governance framework and set expectations and Board members held to account
- Governance documents and approach should be included on the website for transparency to members and prospective members
Best Corporate Governance Practice – The Five Golden Rules
- Ethics: a clearly ethical basis to the business
- Align Business Goals: appropriate goals, arrived at through the creation of a suitable stakeholder decision making model
- Strategic management: an effective strategy process which incorporates stakeholder value
- Organisation: an organisation suitably structured to effect good corporate governance
- Reporting: reporting systems structured to provide transparency and accountability
Best Practice Governance Documents
- AGM — chair run sheet (public unlisted or proprietary company)
- Minutes of a general meeting of members (public unlisted or proprietary company)
- Best practice executive leadership/management group terms of reference/charter
- Best practice responsibilities of board committees
- Best practice register of interests and related party transactions
- Best practice action items list
- Best practice agenda
- Best practice minutes
- Best practice voting form
Governance for Good – the ACNC’s Guide for Charity Board Members
Good Governance Principles for Not for Profits – Australian Institute of Company Directors