Governance

• 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

1. Ethics: a clearly ethical basis to the business
2. Align Business Goals: appropriate goals, arrived at through the creation of a suitable stakeholder decision making model
3. Strategic management: an effective strategy process which incorporates stakeholder value
4. Organisation: an organisation suitably structured to effect good corporate governance
5. 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

Good Governance Guides

Governance for Good – the ACNC’s Guide for Charity Board Members

Good Governance Principles for Not for Profits – Australian Institute of Company Directors