Document Type

Conference Proceeding

Publication Date

6-2017

Publication Details

This conference proceeding was originally published as:

Barnes, L., & Howson, K. (2017, June 5-6). Board governance in the not-for-profit sector: The "GOLDEN" rule model for recruitment and retention of voluntary boards of directors. Paper presented at 7th Annual International Conference on Accounting and Finance (AF 2017). doi:10.5176/2251-1997_AF17.92

ISSN: 2251-1997

ANZSRC / FoR Code

150106 Sustainability Accounting and Reporting

Reportable Items

E1

Abstract

The Global Financial Crisis demonstrated the importance of Accountability, Transparency and good Corporate Governance of all types of organizations be they Not-for-Profit (NFP) or for-profit. This research seeks to explore the current type of governance mechanisms used to monitor and control Not-For-Profit (NFP) entities at the Board of Directors (BOD) level. It uses case study analysis to investigate the “GOLDEN” Model Rules for NFP Directors. The questions explore the Board and governance mechanisms for NFPs, particularly focusing on the “value added” by Board members, to make recommendations for reporting of Governance by NFPs. This model demonstrates the obligations of Directors in terms of legislation, common law duties and equitable fiduciary duties in relation to governance, social responsibility, transparency and risk management, in a sector that contributes so much to the global economies in terms of employment and GDP (OECD, 2009 and ABS 2015).

Comments

Used by permission: Global Science & Technology Forum (GSTF) and the authors.

© GSTF 2017

This conference paper may be accessed from the publisher here.

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