Key Benefits

Formalise your skills as a board or committee member

If you’re already serving on a board, the Diploma of Governance is a great way to solidify and formalise your capabilities, boost stakeholder confidence, and give yourself the best chance of re-election.

As the power and influence of corporations and organisations alike have grown, the need for best-practice governance is an important part of reflecting social, legal and economic changes in society. Good governance, therefore requires a sound understanding of the compliance and performance elements of serving on a board and how to meet the needs of stakeholders.

The Diploma of Governance explores industry best-practice whilst placing an emphasis on the ethical responsibility of serving on a board. From strategic planning, stakeholder communication, to risk management and compliance, the Diploma of Governance will help consolidate your existing knowledge as a board member or successfully prepare you for your first board appointment.

Only course of its kind in Australia

Monarch Institute is the only RTO offering the Diploma of Governance as a fully flexible all-online course. Enjoy a study experience that’s fit for your busy professional life.


Nationally recognised

The Diploma of Governance is nationally recognised under the Australian Qualifications Framework (AQF). You may be able to use it as a pathway to university qualifications at institutions around Australia*.

* It’s best to check with the uni you want to study at before you enrol at Monarch Institute.

Course Accreditation

Entry Module

Introduction to Governance
BSBGOV401 – Implement Board Member Responsibilities
BSBGOV402 – Work Within Organisational Structure
BSBGOV403 – Analyse Financial Reports and Budgets

*please note: This module contains three entry requirement units. Students who have completed the Certificate IV in Governance will have completed these units in their course, so do not need to complete this module.

Module 1

Defining Governance Roles

Module 2

Functions of the Board

Module 3

Managing Risk and Finances

Module 4

Board Leadership and Effectiveness

Module 5

Board Evaluation and Compliance

Course Assessments

Course assessments

The experts who design and deliver our courses (click back to Course trainers to meet some of them) have developed a clustered assessment framework that’s uniquely designed to help you gain a deep understanding of the material. They’ll give you the kind of knowledge and skills you can use in the real world as a business operator or manager. Assessment formats include:

Career Opportunities

Key opportunities include:

The Diploma of Governance has a massive breadth of applications. Department of Education and Training surveys suggests it’s mostly studied by managers, professionals, clerks, and administrative workers. But broadly speaking, it’s part of a group of nationally recognised qualifications under the ‘management and commerce’ field. Many of the topics you’ll study as a governance student are breadth topics, giving you skills you can use in a variety of roles.

The Diploma aims to ready you for the rewarding experience of serving on a board, whether corporate, non-for-profit or community-based. Through exploring the corporate governance practice framework in the core units, you will define governance roles, understand key board functions, learn to improve board processes and ensure board effectiveness.

In addition to the core units, you’ll learn valuable skills in regulatory compliance, risk management and developing emotional intelligence for successful board participation and overall management. The depth and breath of the Diploma of Governance will formalise your skills and show any organisation that you’re committed to being an effective director.


The Diploma of Governance will give you a taste of subject areas which are explored in much greater depth in different degree-level courses.

Upon completing the Diploma, you may choose to pursue your interest in one of these areas. For example, you may look in to applying to study a Bachelor of Business Administration or a Bachelor of Commerce.

Entry requirements

Course entry requirements

You must either have completed a Certificate IV in Governance or, at a minimum, hold the following units:

If you don’t hold these units, we have included them in our program. Alternatively you may be able to apply for Recognition of Prior Learning (RPL) for vocational experience with boards of governance.

To make sure you get the most out of training with us, the following enrolment process applies:

What equipment will I need?

You will need access to the following equipment to successfully complete the course:

Am I eligible for recognition of prior learning (RPL) or credit transfer (CT)?

We may be able to take into account relevant knowledge and skills you’ve gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Handbook by clicking here, or get in touch with one of our friendly Course Consultants.

Course Topics

Entry Module: Introduction to Governance

Learn the core functions of board responsibilities and operations, including regulations and legislation, shareholder and stakeholders interest, and the differences between board and management responsibilities. Explore the importance of financial literacy through reviewing reports and budgets.

The three units are entry requirement units for all students who have not completed the Certificate IV in Governance. As such, they offer an introductory overview of several governance topics that will be explored in greater detail in later modules.

*please see Course Entry Requirements below for more information

Module 1: Defining Governance Roles

Dive deeper into the roles and responsibilities of board and committee members. Explore the board’s role in compliance and performance, particularly the management and oversight of operations, appointing the CEO, the use and implementation of a constitution and board charter, and working within the overall structure of the organisation.

Module 2: Functions of the Board

Arguably the board’s most important performance function is the development and review of the organisations short and long-term vision, purpose and strategic planning. Explore the importance of ethics and social responsibility in strategic planning and look at effective ways of engaging and communicating with stakeholders. Explore the importance of identifying, promoting, and reviewing environmental, social and governance advocacy issues in the boardroom.

Module 3: Managing Risk and Finances

Address the importance of risk management and the boards’ role in determining and implementing appropriate risk management strategies. Learn valuable skills in establishing the risk context and appetite for the strategic goals of an organisation. Identify risks both internal and external to the organisation. Select and implement appropriate risk treatments. Furthermore, this module builds on the importance of financial literacy as a board member and explore important financial processes, management and reporting requirements.

Module 4: Board Leadership and Effectiveness

Gain a strong understanding of effective board leadership and management. Focus on the importance of emotional intelligence, communicating with influence, and managing meetings within the boardroom context.

All areas of effective leadership and communication rest on self-awareness, management, and the implementation of clear processes. This allows for effective discussions and decision-making in the boardroom.

Module 5: Board Evaluation and Compliance

Learn about critical board and individual member evaluation processes. Cover areas within governance that require the management of conflict and compliance within an organisation.

You will gain the knowledge and skills required to enforce the diverse roles, responsibilities, codes of conduct and behavioural protocols required of committee or board members, whilst managing the compliance requirements within an organisation.


Course Duration

This course is designed to be completed within 12-24 months.

There is no minimum timeframe to complete this course. Students who are highly motivated and well organised can complete the full course at an accelerated pace.

The key factors that influence course completion are a student’s experience, time availability, how fast they work and how committed they are!

How it works

More than online

You’ll get:

How does it work?

This course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, ‘online’ doesn’t mean ‘alone’. You’ll be backed by our trainers at every step along the way.

What support will I get?

Your trainer will be happy to contact you via phone, Skype, Zoom, TeamViewer, or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course.

Do you offer group training workshops?

Yes. We’re the training partner of choice for several large organisations. Our trainers can also conduct onsite training for groups of six staff or more. Get in touch with our friendly course consultants for more information.

Course Price

Upfront payment


The most cost-effective option. Pay up front and save 20% compared to the total payment plan. Payment options include electronic funds transfer (EFT), credit card (Mastercard or Visa), cheque or cash.

Payment plan

$126.92 per week, paid over 26 weeks (total $3,300)

This option is suitable for students wanting to manage their cash flow. It’s handy if you want to get started right away, but don’t have the full amount on hand. Payment must be made with MasterCard or Visa.

*Fees and units are subject to change.

Meet your trainers

Industry experts and though leaders
Any questions? Ask away!

Governance education.
Study online today.

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Diploma of Governance

BSB52318 - Coming soon

  • Become a more effective company director
  • Designed to enhance skills as a board or committee members of companies, government, and not-for-profit groups
  • Only fully flexible, Nationally recognised, Diploma of Governance in Australia
Click to expand
Duration Up to two years
How it works Study online. With a difference.
Price $2,750 | $126.92 per week (payment plan)
Career opportunities Board member | Committee member
Course topics Five modules
Units 12 units
Course trainers Industry experts and though leaders
Pathways University courses
Entry requirements Some entry requirements | RPL available | Some equipment needed
Assessments Multiple small assessments | No exams
Start date Coming soon
Get in touch about enrolling
Payment Options There are two ways you can pay for your course...
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