In pursuit of faster, higher, stronger governance
— Governance Matters (@GovernanceMatt) May 15, 2017
Anyone with even a passing interest in Australian sport will be aware of the ongoing bun-fight between the Australian Sports Commission (ASC) and the Australian Olympic Committee (AOC) when it comes to how well – or poorly – national sporting bodies are doing in terms of governance.
And, more pertinently, what needs to be done about it.
It all started after the less than stellar performance of our athletes at the London 2012 Olympics when governance reform of the various sporting codes – in the shape of the first set of Mandatory Sports Governance Principles – was mooted and subsequently introduced. Continue reading
Bells set to toll for independent schools governance
If there’s one thing in Australia that’s almost as certain as death and taxes, it’s that what happens in one state or territory, particularly in the area of governance, is bound to send ripples into all others.
Which is why the recent announcement by the New South Wales government of increased requirements for non-government – or independent – schools should get the bells ringing across this educational sector, in every nook and cranny of the country.
The Super Shake-Up Solution
Regular followers of these blogs will recall that we ended last week on a contemplative note, pondering the dilemma facing not-for-profit super funds that might well have to change the make-up of their boards if proposed Federal Government legislation to improve governance in the sector gets through the Parliament.
To recap, the dilemma was that while these funds have tended to perform better than their corporate cousins, arguably because of their ‘we’re here for our members’ rather than ‘we’re here to make money for our shareholders’ philosophy, they’ve also historically had weaknesses.
So how do we retain those vital values while ensuring the boards have the requisite skills and diversity?
The Super Shake-up Dilemma
The Federal Government’s recently introduced Bill aimed at changing the governance landscape at non-profit superannuation funds, key among them that one-third of the directors are independents, as is the chairman, is to me a bit like the curate’s egg.
It’s good in parts, which probably explains the raft of opinions on the subject.
Banks like the model, unions don’t. But then powerful people like former Australian Workers Union boss and Australian Super director turned KPMG consultant Paul Howes likes it too, as does retiring SunSuper chief investment officer David Hartley.
FIFA’s many own goals…..and our complicity
There are few, if any, organisations on this planet that could have provided us with such a litany of case studies on how not to go about your business as our dear friends – or is that fiends? – at FIFA.
Indeed, anyone who has followed FIFA’s history knows that they’re seldom far from controversy when it comes to business dealings and the organisation’s sorry governance track record. You could say they’re clearly in a league of their own when it comes to scoring own goals.
Which begs the question…why did everyone sit around and do little or nothing until the US regulators started to investigate the organisation and found all was not as it should be?