CompliSpace & UTS Centre for Corporate Governance Not-for-Profit Research Project

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The UTS Centre for Corporate Governance has launched a survey, in collaboration with the leading Governance, Risk and Compliance consulting firm CompliSpace, which is designed to assess the current state of governance within the not-for-profit (NFP) sector in Australia and the challenges NFP organisations are likely to face in the future.

The survey will assist the key research centre at University of Technology Sydney assess how different types of organisations within the NFP sector are tackling their internal governance requirements and the correlation between the standard of governance within particular NFP industry segments and the specific nature of their regulatory obligations. It will also explore the effect if any of the ACNC (Australian Charities and Not-for- Profit Commission) Governance Standards.

“This research aims to compare the quality of governance in the not-for- profit sector in light of the regulatory regimes particular types of NFP’s are exposed to,” said the Centre for Corporate Governance’s Dr John Chelliah.

“The research will be useful to the not-for-profit sector in gaining an appreciation of governance issues facing the sector and provide insights into building best practice into their existing governance frameworks,” he said.

Mr James Field the Managing Director of CompliSpace said: “Our industry experience is that there is a direct correlation between the quality of governance standards in NFP’s and the particular types of regulatory regimes that NFP’s are exposed to.”

“There is a general feeling the ACNC governance standards will have little or no impact in practical terms. It will be very interesting to see whether the findings of this research support our experience.”

Not-for-profit organisations are welcome to take part in the online survey, which can be found at:

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Financial Services Updates

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