Governance HealthCheck

Is your Board/Committee/Council operating effectively and meeting its governance requirements?

Recent events, including the Hayne Banking Royal Commission and the Victoria Hotel Quarantine Inquiry, have challenged the reputations of key decision makers, being boards, parliamentarians and senior management, and resulted in many resignations and organisational damage.

We have learnt managing corporate reputations is becoming a top priority for directors. Whilst difficult to build, reputations are easy and quickly damaged. Society is demanding leaders “do the right thing” and act with good governance.

JNW has been working with Directors and Executive on ways they can protect their brands and meet their regulatory requirements (including the Corporations Act and common law fiduciary duties). Our “Eight Dimensions of Good Governance” model has been used to confirm directors are meeting their legal obligations, as well as helping organisations strengthen their culture, conduct, risk management, control frameworks and performance.

Our Governance HealthCheck Solutions are based on renowned governance principles and designed to:

  1. Strengthen governance practices;
  2. Provide independent assurance on board performance and regulatory compliance;
  3. Deliver insights to enhance board/committee performance; and
  4. Increase accountability and stakeholder confidence.

Tone at the top drives the corporate culture. Good governance is good business.  We can help directors transparently meet their strategic and regulatory obligations, and assist them establish strong practices to strengthen their organisation’s governance culture.

Specific board governance assessment services include:

Board Governance HealthCheck

Board Governance HealthCheck

A better practice performance and regulatory compliance maturity survey for Directors to identify areas for enhancement

Board Governance and Director Effectiveness Performance Assessment

Board Governance and Director Effectiveness Performance Assessment

Formal assessment of charter compliance and board operations, together with a directors performance self-assessment questionnaire

Assurance Map

Assurance Map

Obtain organisational clarity on risk coverage by independent assurance provider

Board or Audit & Risk Committee member

Board or Audit & Risk Committee member

Governance HealthChecker

For more details on our Board Governance and Director Effectiveness Performance Assessment, please click on the “learn more” button below

Examples of who we work with and our broad governance healthcheck experiences

AFL

  • Created a Board Governance and Director Effectiveness Performance Assessment survey which considered Board composition and duties, Board processes, Board dynamics, strategic direction, risk management, operational oversight, financial reporting and stakeholder engagement
  • Conducted a Management Self-Assessment HealthCheck against APRA’s Prudential Inquiry Report into CBA

Nexus Mutual (Exxon Mobil’s staff bank)

  • Provided governance training fo the Board covering their governance duties and regulatory obligations
  • Facilitated a Board self-assessment against JNW’s Eight Dimensions of Good Governance Maturity Model to identify areas for enhancement
  • Conducted a Management Self-Assessment HealthCheck against APRA’s Prudential Inquiry Report into CBA.  Our recommendations considered oversight of risk, culture, roles and responsibilities and remuneration structures.

Hawthorn Football Club

  • Reviewed the governance structures, including board and sub-committee charters
  • Presented to the HFC Board on “Elevating Governance”
  • Conducted a review of the governance, responsibilities and obligations of the Integrity and Compliance Committee

City of Melbourne

  • Developed a Local Council Assurance Map to provide oversight of independent assurance over risk and controls

Gippsland Waste & Resource Recovery Group

  • Reviewed the draft Board Charter to ensure the the Board responsibilities as set out in Division 2AA of the Environment Protection Act 1970 were met
  • Refreshed the Audit & Risk Committee Charter to ensure it was contemporary

Banyule City Council

  • Completed a review of the Audit Committee Charter, including benchmarking against better practice guides by Local Government Victoria, the Auditing and Assurance Standards Board, Australian Institute of Company Directors and the Institute of Internal Auditors-Australia

Monash City Council

  • Independent Audit Committee member for six years, supporting Councillors,  Management and the CEO from a governance perspective, both financially and operationally

Plumbing Industry Commission

  • For six years, as Chair of the Audit Committee (now merged with the Victorian Building Authority), Jeff provided leadership and governance oversight to ensure the Committee meet its legislative responsibilities and obligations under the Charter, including risk management and strategic processes