Applying for board positions for the first time? A qualification in governance could help you stand out as a candidate. It’s more than a piece of paper; it’s a sign that you’re committed to being an effective part of the team. Alternatively, formalising your knowledge and skills with a diploma could be that X-factor that your organisation’s remuneration committee is looking for. The Australian Institute of Company Directors suggests that qualifications should be a prime consideration in determining a director’s fees.
Corporate and not for profit (NFP) governance has been in the headlines a lot recently. Whether it’s the sensationalist stuff about board members’ pay, or the growing trend towards higher standards of corporate social responsibility, people have got some serious opinions. If you’re about to take the next step up and get involved in a board, you’ve probably got a lot of questions.
A formal qualification in governance will answer a lot of those questions for you. More importantly, it’ll give you the framework you need to solve problems yourself. In collaboration with the rest of your team. For example, you’ll learn about organisational strategic planning. In other words, a step up from the longer-term plans put in place by senior departmental managers.
Make a difference to a cause you’re passionate about
Love volunteering, but want to make an even bigger difference? You could shape the future of a charity or non-profit you love, as a volunteer board member. There are hundreds of vacancies across the country, in different areas from healthcare and disability advocacy to employment services and community arts.
Your next steps
Ready to kick off your career (or side gig) in governance? Monarch Institute’s BSB52315 Diploma of Governance is an effective way to learn from experienced board members and executives who’ve already been where you want to go. Check out the course page and get in touch with one of our friendly course consultants today.
Remuneration sources: jendalitz.com, dpc.vic.gov.au, betterboards.net, pitcher.com.au
Other sources: eganassociates.com.au, ethicaljobs.com.au, communitydirectors.com.au, aicd.companydirectors.com.au