Governance is how an organisation is managed.
An organisation that demonstrates good governance can:
- Develop strategic goals and direction.
- Monitor organisation performance to ensure it achieves its strategic goals, has effective systems in place and complies with legal and regulatory obligations.
- Act in the best interests of its members.
Governance is the system by which organisations are directed and managed. It influences how the objectives of the organisation are set and achieved, spells out the rules and procedures for making organisational decisions and determines the means of optimising and monitoring performance, including how risk is monitored and assessed.
The Australian Sports Commission’s Sports Governance Principles can assist organisations to develop, implement and maintain a robust system of governance.
The following areas contribute to good governance:
- Board and Directors
- Meetings and quorums
- Codes of conduct and ethics