Speed Dating for NFPs | My Latest Blog | What’s Coming Up | Finance Tips From Julie | Working With Me
Hi there – thanks for checking out my latest Good Governance Newsletter!
I know you are here because you are committed to good not-for-profit governance and leadership, and you want to make sure you do everything you can to steer your organisation in the right direction.
So, to support you with that, through my regular Good Governance Newsletters I strive to bring to you valuable NFP governance and leadership information and updates, happenings and events, that will help you do exactly that!
So take a moment and check out what I have to share with you in this week’s newsletter…
Read on for:
- CA Connections – upcoming Board Member search event
- My latest Blog – What’s important and why: Setting the Strategy
- Upcoming Events – March
Wednesday 5th – Webinar: 10 tips for Better Fundraising
Thursday 6th – Training: Good Governance for NFPs - Finance Tips from Julie – Legal and Compliance Costs Part 3
- Working with me – How my Executive Support Program can help you
I’m so glad you have found me and all the resources I share via my newsletters and emails.
I am sure I will have something to help you in the not-for-profit work you do, whether it be as an Executive, a Board member, or a grass-roots community volunteer.
So dive on in and let me know what resonated with you this time!
Regards
Megan
CA CONNECTIONS RETURNS FOR 2025
If you haven’t heard of it before, CA Connections (which I often refer to as ‘Speed Dating for NFPs’) is a fabulous event – hosted by the wonderful people at Chartered Accountants Australia and New Zealand (CAANZ) – which connects CAANZ members (from across Australia) who are wanting to contribute through NFP governance roles, with NFPs that are looking for skills-based directors.
I have referred a number of NFPs to these events in the past, and those organisations who have attended have come away with good leads for quality new Board members.
Since the emergence of COVID, these events have gone online, which opens up a whole new range of options to connect with potential Board members digitally – I know myself that the increased availability to meet online has enabled me to contribute as a Board member to NFP organisations further afield than ever before. And it’s not all about being remote – plenty of NFPs have found CAs in their local areas to join their Boards too!
So if this sounds like something your NFP could benefit from, the next online CA Connections event has been scheduled for Tuesday 18 March from 6.00-7.30 pm (AEDT/Melbourne time).
Check out the full details on the information flyer HERE.
If your NFP would like to send a representative along to attend and present on behalf of your organisation, then book your place ASAP by contacting the team from CAANZ, on connections@charteredaccountantsanz.com now!
I hope your NFP can take advantage of this great opportunity to connect with potential Board members too!
MY LATEST BLOG
This week I’m sharing the final installation in my Blog series: What’s important and why.
In this series I’ve explored a range of headline issues a NFP Board or Committee member needs to be across in order to effectively fulfil their duties to the organisation/s they serve, and why these things are so important to get right.
In this last article I explore Setting the Strategy, and I unpack – from a number of angles – why it matters to do it properly.
Check out the article HERE and I do hope you find it helpful for the NFP organisations you are a part of.
And if you want to read more of my blog articles, or listen to some podcasts I have spoken on, or even watch some of my past webinars, then check out my back catalogue of Blogs & Pods HERE.
Enjoy!
EVENTS FOR MARCH
🌟 Check out what’s happening on my Calendar of Events for March! 🌟
5 March: 10 tips for Better Fundraising webinar.
Come along to this FREE webinar to hear my top tips for maximising your fundraising efforts, and set your organisation up for success.
Wednesday 5 March, from 12 pm – 1 pm (AEDT/Melbourne time).
Click HERE for further information and to book yourself in.
6 March: Good Governance for not-for-profits online training session.
My flagship governance training program, this session explores the key governance areas of good practice, compliance, planning, and risk.
Thursday 6 March, from 5.30 pm – 8 pm (AEDT/Melbourne time).
Tickets are just $167 per person.
Click HERE for further information and to purchase your tickets.
Looking for something else? Check out all my online learning offerings HERE.
FINANCE TIPS FROM JULIE
Julie Doyle is my business finances guru, and this week she is generously sharing some of her wisdom around Legal and Compliance Costs Part 3.
This week Julie says:
This is the final article in the Legal and Compliance Costs series, and today we are exploring some specific costs that will vary, depending for your NFP, on several factors, including the size of your organisation, the complexity of your activities, the jurisdiction in which you may operate, and the specific requirements you need to meet.
These costs generally involve ensuring that your entity is adhering to all applicable laws and regulations in place in your jurisdiction/s, as well as maintaining good internal governance.
Intellectual Property Compliance – If your NFP develops original content, programs, or inventions, it may need legal services related to intellectual property, such as copyright, trademark, or patent filings. These services can be expensive depending on the complexity of the intellectual property involved.
Data Protection and Privacy Compliance – With increasing focus on our data privacy (such as the Office of the Australian Information Commissioner), NFPs must ensure that they comply with data protection laws when handling personal information. This could involve legal costs to review privacy policies, secure data practices, and train staff.
Audits and Legal Disputes – If your NFP undergoes an audit, there may be additional legal and accounting costs involved in ensuring compliance with accounting standards. Additionally, you might face legal disputes (such as employment disputes, contract disputes, or disputes over governance). Legal fees for handling these situations can be significant.
So, as we end this review focusing on the Legal and Compliance Costs for NFPs, we can see that costs can range from a few hundred to several thousand dollars annually, depending on the complexity and scope of your entity’s activities.
However, ensuring compliance with tax laws, governance standards, fundraising regulations, and other legal requirements is crucial to the proper management of any NFP, and entities will find it critical to budget for these costs in order to avoid potential penalties, fines, or the loss of tax-exempt status.
If you have a NFP finance query you would like Julie to talk about via my Good Governance Newsletter, just email it to me on megan@mjbconsulting.net.au.
EXTERNAL SUPPORT FOR NOT-FOR-PROFIT EXECUTIVES
Are you – or is someone you know – a not-for-profit Executive looking for that special something to make your busy role and life more manageable?
Something that can help you take a step back, assess the overwhelm, and more effectively navigate your journey of leadership growth and development?
If this sounds like you or your Executives, I want to let you know that I have what you are looking for – and that is my one-to-one Executive Support Program.
Through my Executive Support Program I encourage and inspire people to work towards their goals, but I will also hold you accountable, and ask the tough questions when needed as well to support your growth, development and achievement in the areas that are important to you.
As one of my Executive Support Program clients, you also get automatic access to my growing Alumni and Friends community, which includes our quarterly Brains Trust online networking lunches, and my Executive Retreats throughout the year.
And if you are wondering what kind of difference my support could make for you, check out what Sue Sestan, CEO of Inspiro Health, had to say about her experience of working with me:
I have been working with Megan through her Executive Support Program for nearly a year and have found her knowledge and personable approach to be very effective.
Megan is skilled at tailoring the Executive Support Program for individual needs ensuring the time spent is value for money.
And her guidance and values driven attitude stems from extensive experience and support of the NFP sector and her assistance with prioritising and focus on outcomes orientated strategy has been invaluable.
Megan has been instrumental in developing my existing connections and networks due to her strong affiliations and support of the NFP sector.
I highly recommend Megan for NFP CEOs and Executive leaders.
It was an absolute delight for me to support Sue in her journey, and if you feel that you could use this kind of personalised support as well, I’d love to help you too!
Check out the Program flyer HERE, and to find out more, schedule a free discovery call with me HERE.
I hope I can help you soon with what’s important to you too!
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