Proactive risk management – expanding your ‘circle of control’

The first of the 7 Habits recommended by Dr Stephen R Covey in his classic self-development reference is to be proactive. “Anytime we think the problem is ‘out there,’ that thought is the problem. We empower what’s out there to control us…The proactive approach is to change from the inside out: to be different, and… Continue reading Proactive risk management – expanding your ‘circle of control’

The shared purpose mirror: Ideal decision and execution triangles

It has been widely recognised that good governance decisions involve identification of the ‘sweet spot’ where cost, risk, and benefit trade-offs can be achieved. A ‘mirror’ set of balancing factors is involved however when management is charged with implementation of those decisions – as illustrated above. Best practice strategy execution requires management to identify the… Continue reading The shared purpose mirror: Ideal decision and execution triangles

Driving value or being driven by fear

A response to ‘apocalyptic’ change narratives Some people love horror movies. They enjoy the adrenaline pumping through them as they imagine themselves the victims of some malign character or force, all the while knowing that it is a fantasy – a waking dream from which they will wake when the movie ends. There is an… Continue reading Driving value or being driven by fear

Proof, clarity and compliance

I recall apologising to a senior politician once for troubling him to pose for a photo with my office bearers. His reply was disarmingly direct – “If there’s no photo, it didn’t happen”. A similar message was offered in the newly published Joint Statement on board minutes from the AICD and the Governance Institute. My… Continue reading Proof, clarity and compliance

Avoiding ‘organisational Alzheimer’s’

With office bearers changing quite regularly in most not-for-profit organisations, there is a risk of corporate memory loss – and metaphorically suffering ‘neurodegenerative issues’. Consequently, the maintenance and use of key governance document registers is an essential measure. To that end, it is helpful to review which documents qualify for inclusion in these registers. The… Continue reading Avoiding ‘organisational Alzheimer’s’

Magnetic forces in board decision making

The recent Hayne Royal Commission generated much commentary on the behaviour of banks and other financial institutions, and their preoccupation with profits over compliance (‘performance’ over ‘conformance’) has been a dominant theme. Risk managers in many of these large organisations have been treated as blockers of growth, and consulted late (if at all) when new… Continue reading Magnetic forces in board decision making

IT Governance lessons

As noted in some earlier posts, learning from others’ mistakes is the least painful way of avoiding trouble, provided we can apply those lessons meaningfully in our own circumstances. This latest case study arises from problems encountered in yet another large scale publicly funded IT project.  It offers numerous governance insights, which in my view,… Continue reading IT Governance lessons

Governance for Grown-ups

As long as a story involves magical beings, hidden treasures and/or an heroic journey, children are rapt and fully engaged. As soon as a storyteller shifts the focus to moral instruction, their eyes glaze over and they seek other engagements. The rewards of work and responsibility are not generally appreciated, and the benefits of building… Continue reading Governance for Grown-ups

Learning from others’ mistakes Part 8 – RSL Victoria

ABC News reported yesterday that RSL Victoria has joined its counterparts in NSW, Queensland, South Australia and RSL National (see earlier posts in this series), with the ACNC finding that it failed to meet a number of key governance standards. The standards concerned in this instance were: ensuring a charity has operated on a not-for-profit basis… Continue reading Learning from others’ mistakes Part 8 – RSL Victoria

Learning from others’ mistakes Part 7 – RSL charities’ enforceable ACNC undertakings

This post updates the status of ACNC compliance action against RSL NSW and RSL LIfecare, previously highlighted in Part 3 of this series on Learning from Others’ Mistakes. An ACNC Media Release issued on 15 May, advises as follows: “The enforceable undertaking between the ACNC and RSL NSW is in response to serious issues the ACNC… Continue reading Learning from others’ mistakes Part 7 – RSL charities’ enforceable ACNC undertakings