The Australian Institute of Company Directors (AICD) has released a new report that identifies reform for NFP organisations.
The report ‘Governance of the Nation: A Blueprint for Growth’ details reform priorities for the next two years and aims to generate better economic and social outcomes for all Australians.
“The AICD has a diverse membership of almost 38,000 which is collectively responsible for billions of dollars in investment across the economy. We have previously pursued a narrow policy agenda but now recognise that we have an important role in broader debate about issues related to the governance of the nation,” said Elizabeth Proust, AICD’s chairman.
John Brogden, AICD’s managing director and chief executive officer said, “The likely election in July will present an opportunity for all sides of politics to take a long term view of the reforms required to deliver Australia’s future prosperity. Our blueprint maps out the potential first steps in a process of change that is urgently required and it should be considered by the next government.”
“Public policy in Australia has become tainted by short-term thinking that prevents bold reform. We urge both State and Federal governments to resist the temptation to buckle to day-to-day party politics and to instead focus on real change that can provide us with a better future,” said Brogden.
The AICD report identifies potential reforms in six areas which includes national governance, fiscal sustainability, innovation and entrepreneurialism, partnerships with NFP organisations, human capital and national infrastructure.
“Our Blueprint draws on the results of our bi-annual Director Sentiment Index and detailed consultation that we have undertaken with our members. It reflects the views of directors from not-for-profit organisations, private business, government boards and listed companies,” said Brogden.
Find the report here.