Articles

Could You Do with a Lawyer on Your Board?

Statistics from America suggest two interesting things about board membership: A lawyer/director increases an organisation’s value by 9.5%; and The number of lawyer/directors in America has doubled in recent times But if you have a lawyer on your board, what’s your experience? The reality is that any good board member needs to perform to the five governance commandments: Be able to contribute to strategy See opportunities and threats Be willing to challenge management Make decisions, not just express views Be clear thinkers with good judgement Lawyers, or even accountants or retired politicians don’t have a mortgage on these qualities.

3 Sources of Purpose Creation

In this video, Aaron Hurst – CEO & Co-Founder of Imperative and author of The Purpose Economy – outlines three primary aspects of purpose creation and how they can be utilised within your organisation

Robust Strategic Leadership in Greater Need than Ever

An awakening to current economic realities and the search for efficiencies by state and federal governments has triggered a period of transformational reform – spurring leaders of non-profit organisations to reassess the viability of their models and make a raft of critical strategic decisions. Recent policy changes, such as the introduction of the National Disability Insurance Scheme (NDIS), have had far-reaching effects, impacting large well-established organisations as well as a variety of smaller operations.

Darren Fittler on Knowing Your Organisation’s Purpose

In this video, Darren Fittler – Lawyer at Gilbert + Tobin – discusses the strategic value of understanding your organisation’s purpose, not just what your organisation does. Darren facilitated a workshop entitled “Never Forget Your Purpose…Ever!” at the Better Boards Conference 2015. See more speakers like Darren at the Better Boards Conference.

Aaron Hurst on Creating Purpose

In this video, Aaron Hurst – CEO & Co-Founder of Imperative and author of The Purpose Economy – outlines the value to individuals and organisations of finding and creating purpose in your work. Transcript (Auto-Generated) It’s up to you to create that purpose. It’s not about getting to some level, some amount of money purpose is your choice, we need to let go of these three myths and realise purpose is not about a cause you don’t need a non-profit or charity to give you purpose you don’t need to get struck by lightning and you don’t need to have a certain amount of money or title to deserve or develop purpose once we let go of those everyone has ability and access to purpose and this matters because it’s tied to how long you live people who work and live with purpose live longer and their well-being is higher and in studies we’re now doing with companies like LinkedIn we’re finding people who work a purpose are higher performers than those who aren’t.

A New Revolution: Breaking Down the Governance Bastille?

Do you ever wonder why everyone keeps telling us in NFP governance, that ‘one size doesn’t fit all’ and then proceeds to tell us precisely what ‘best practice’ dictates about how we must govern? The body of ‘best practice’ lore usually comes from asking questions about how things are done in comparable organisations. For a start, the answers are too often based on looking at how things are done in non-comparable large listed corporations.

Unleashing the Power of Purpose

In Aaron Hurst’s book ‘The Purpose Economy’, he says “purpose comes when we know we have done something that we believe matters, to others, to society, and to ourselves.” Hurst believes that the nature of purpose is often misunderstood, a point of particular relevance to leaders of for-purpose (not-for-profit) organisations both at board and executive level. Our suggestion is that there is untapped potential in connecting to the power of purpose – both at an individual and organisational level.

Seat Warmers and Saboteurs – Dealing with Difficult Directors

Communication breakdown and relationship failure within a board are a challenge for many organisations. Some of the stories we hear most commonly from directors at Better Boards are related to challenging relationships within the boardroom. Governance is not a solitary activity – it involves sharing and debating ideas, but also cooperation. The capacity of the board to come together for decision-making can have a direct impact on its effectiveness. Sometimes these types of conflict are fleeting, unforeseeable or just a blowing-off of steam, but in other more serious instances, they are the result of an underlying dysfunction in the group such as a poor board culture, or simply an individual board member who is a bad fit for the board or for the role.

Increasing Board Opportunities for Young Women

Closing the leadership gap for young women is a formidable challenge, however there is no excuse for accepting the status quo. There is compelling evidence to suggest that organisations perform better when women are well represented at senior levels and in the boardroom. This is referred to as the business case for gender diversity. Women perform better academically and are now graduating from tertiary institutions at higher rates than men. This has created a pool of well-educated, talented and ambitious women who are valuable resources for business and organisations.

The Gardener or the Lawyer? Who to Call First When Making Governance Change in NFPs

Not-for-profit governance is awash with change in Australia. Some organisations are moving from being incorporated associations under state law to Companies Limited by Guarantee under the Commonwealth’s Corporations Act. Others are replacing representative boards with skills-based boards. And still others are investigating ways of replacing old federated structures with new national ones. As any lawyer can explain, these changes are all relatively easy to make from a structural point of view.