It has been said that the success of any organization, including charities, is dependent upon strong governance. However, as the Law Commission has noted, difficult questions frequently arise around governance and administration and the resolution of internal disputes. The consequences of poor governance can be serious as office holders may be held liable for the consequences.
The proposed new Incorporated Societies Act intends to clarify the basic legal, governance and accountability obligations of those that run incorporated societies. The current Exposure Draft Incorporated Societies Bill, released in November 2015 (as proposed to be updated as at May 2019) provides a useful framework for looking at some fundamental governance principles, not only in the context of incorporated societies but also for other forms of organization of New Zealand’s estimated 97,000 not-for-profit entities (and for-profit entities also).
The webinar is intended to give a theoretical overview as well as sufficient detail to be practical. All involved with incorporated societies should be familiar with the proposed new requirements. All involved with charities and other not-for-profits should be familiar with fundamental principles of governance, whether as a refresher or otherwise. This is particularly the case in the current period of significant change, where the importance of good governance will be heightened. Incorporated societies and their advisers will also need to be familiar with the proposed new legislation in the transition to the proposed new regime.
An overview of the exposure draft of the proposed new incorporated societies’ legislation (as proposed to be updated as at May 2019), including fundamental principles of good governance.
Lawyers, accountants and others involved with incorporated societies, charities and other not-for-profit organisations, in their professional and private capacities.
Sue Barker, Director, Sue Barker Charities Law
1.25 CPD Hours