Governing Board Series: Governance and Finance Red Flags

Governing Board Series: Red Flags Training (Governance & Finance)

Running a non-profit organisation can be incredibly rewarding but it also comes with its share of responsibilities and risks. From legal responsibilities to financial challenges, it’s crucial to have strategies in place to protect your non-profit’s purpose, assets, and reputation.

NPT’s red flag training focuses on building the knowledge of the Board / Committee members so they can identify risks and what’s important to narrow in on when things don’t seem right. It will take Board / Committee members through a framework that will assist them in undertaking financial due diligence and carrying out their governance duties.

Taking the Board / Committee members through this process will help them to be on top of risks, by knowing how and what to evaluate, and when further action is required. It will provide a roadmap to mitigate risk in governance and finance and will assist in safeguarding your organisation and improving long-term resilience.

This is a 2-part workshop with the first workshop focusing on Governance and the second focusing on Finance.

SESSION ONE 24th March 5pm - 7.30pm AEDT

Red flags Governance workshop topics include:

• A governance framework to guide the focus of the Board/Committee

• The culture of good governance

• Developing practical skills in risk identification, assessment, mitigation and appetite

• Gaining an understanding of common biases that impact committee decision-making leading to risky practices

• Integrating risk considerations into decision-making processes

• Using delegations and risk reporting effectively

• Effectively documenting processes and procedures

• Highlighting important internal controls

• Improving staff/volunteer oversight and performance reviews

• Developing a collective mindset of continuous improvement in risk management and governance processes

SESSION @ 31st March 5pm - 7.30pm AEDT

Red Flags Finance workshop topics include:

• 101 of financial reporting
• Knowing what to look for in the financial reports
• Using the budget to track performance
• Understanding the importance of internal controls
• Reviewing common biases that impact decision-making leading to risky practices
• Using delegations to reduce the risk of financial blow-outs
• What others are doing to monitor the financials
• Developing a collective mindset of continuous improvement in financial oversight

Who should attend: Board Members, Governing committee members, Executives