Risk & Opportunity and Planning at Board Level

1. Interwork Limited Risk & Opportunity and Planning at Board Level

2. Agenda A Boards role and responsibilities in a changing environment How to keep up to date Reviewing your board’s operating structure Inherent risks and opportunities in a changing environment Good governance through strategic planning How to assess your organisation’s capacity and capability for opportunity Board and Management - roles and responsibilities/making it work

3. Good Governance Good Governance • Focus on setting effectivestrategies • Implementing relevantbusiness risk management • Rationaland structureddecision making • Conductand ethics • Rolesand Responsibilities • Enhancing Organisational Performance • Committingto compliance requirements • Successionplanning • QualityCEO • ExperiencedChairperson • Self regulating/monitoring Board’s effectiveness • Effective Audit Committee

4. NFP Governance Elect Appoint Appoint

5. NFP Accountability • Legal Framework • Associations Incorporation Act 1985 [State-South Australia] • Corporations (Aboriginal and Torres Strait Islander) Act 2006 [Commonwealth] • Corporations Act 2001 [Commonwealth] • Regulators • Office of Consumer and Business Affairs [OCBA] in South Australia • Office of the Registrar of Indigenous Corporations [ORIC] • Australian Securities and Investment Commission [ASIC]

6. Risk Management - What Types? Business Risk Planning Business Continuity Planning Disaster Recovery Planning Pandemic Risk Planning

7. Managing Risk - Practices • Policy and procedures manual • Accountability and reporting processes • Insurance • Director’s and Officer’s Insurance • Public Liability Insurance • Deed of Access, Indemnity and Insurance

8. Managing Risk - Board Member? Be Involved Receive Board papers in advance Read Board papers in advance of meeting Attend all Board meetings Be persistent in asking questions to clarify information Insist on professional advice where required Have effective systems to monitor Board decisions Engage in frank debate Don’t shrink from making the “hard decisions” REMEMBER: The Legal Cases..

9. Relationship between strategic planning and continuous improvement Annual Planning • WHERE • Business Vision • Business Mission • SCA • Basis for Growth • Functional Strategies • HOW • Business Plan • Action Plans • Implementation Plans Managing for Continuous Improvement Scope for Improvement (Strategic Planning) • NOW • Diagnostic • Analysis • Initial Review START

10. Strategic Framework Vision/Value Mission SCA Marketing Process E n a b l i n g S t r a t e g i e s People Innovation Finance

11. Innovation – Innovate or Perish? Behold the tortoise! “It makes no progress unless it sticks out its neck”

12. Board and Management Roles

13. Board Induction/Orientation Pack (1) • Board Induction & Orientation – set a date • List of continuing members • Board Member job descriptions • Example - Board Agenda and Minutes • Role of Directors • Role of Office Bearers • List of Standing Committees and their scope • Organisation Chart showing delegations • Constitution

14. Board Induction/Orientation Pack (2) • Policy and procedures manual including: • Risk management policies • Grievance policies • OSH&W Policy • Last year’s annual report • This year’s budget • Current Strategic Plan • Organisation’s Web Site URL etc • Information about Directors and Officers Insurance • Nomination form for upcoming AGM

15. Board Induction/Orientation Pack (3) Meeting Dates Program reporting dates Budget meetings and reporting dates Strategic Plan Review Board Performance appraisal dates CEO Performance Appraisal date

16. Board Performance (1)

17. Board Performance (2)

18. Board Performance (3)

19. Board Performance (4)

20. Board Performance (5)

21. Board Performance (6)

22. Board Performance (7)

23. Board Performance (8)