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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.

Pathways

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)?

We may be able to take into account relevant knowledge and skills you’ve possibly gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Guide 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

What is the average course completion time frame?

This course is designed to be completed within 24 months.

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

$2,750

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
Nick Chapman
Trainer "Perfection is not attainable, but if we chase perfection we can catch excellence."
- Vince Lombardi

I joined Monarch Institute in December 2015. Prior to joining the Monarch team, I was the General Manager of Rockwell Financial Services Group’s consumer investment business. I joined Rockwell after 10 years at the Bennelong Group, one of Australia’s leading private equity and funds management groups.

During my time at Bennelong, I held various positions including General Manager and Director of Aurora Media in Dubai, Director of i-comm Media in London, CEO of Crown Content in Melbourne. My time there culminated in my appointment to the position of Group General Manager.

I have also held positions at various charitable organisations, including the Bennelong Foundation and the Butterfly Foundation. I hold a double degree in Law and Commerce, and am a Member of the Australian Institute of Company Directors.

What makes me jump out of bed each morning?

I love sport and I’m passionate about fixing things myself. I’m pretty handy with a drill. I’m a half-glass full person, so I focus on the times my handy work results were “well received” by my partner. The time I needed to call out an emergency tradesman, … well I focus on the positives.  I love cooking, particularly I enjoy preparing slow cooked stews for my partner, daughter, family and friends.

Josh Wilson
Mentor "Limitations live only in our minds. But if we use our imaginations, our possibilities become limitless."
– Jamie Paolinetti

I am a qualified financial planner with tertiary and vocational qualifications in financial planning and law. I’ve had 17 years of experience in the financial planning and wealth management industry. I have worked as a financial planner for a large Australian bank and boutique wealth management firm for over 10 years, and prior to that, as a fund accountant for a London-based asset manager.

What makes me jump out of bed each morning?

I am usually woken up by my three children first! I get excited to see my heirloom tomatoes growing strongly in spring. I love cooking at home on the weekend, hanging out in the park with my wife and three children, and I’m a mad (suffering) Carlton supporter.

Any questions? Ask away!

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Governance education.
For the real world.

Get in touch

Diploma of Governance

BSB52318 - Enrolments Commencing June 2020

  • 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

Key benefits

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 Enrolments commencing June 2020
Get in touch about enrolling

Governance training. For the real world.

Your Monarch Institute governance course textbooks are endorsed by experienced public officials. They’re packed with case studies and practical exercises. Trainers like Nick Chapman have crucial experience across board types, from private equity to charity. They’ll help you develop the real-world skills and knowledge that boards and hiring managers are looking for – not to mention regulators. Forget the jargon, ‘management speak’ and ’inspirational’ quotes. When you study governance with us, you’ll pick up practical strategies you can implement for the rest of your career.

Can’t wait to step up and take the helm? Already working in an executive role? You’ll love the way your expert trainers support you through extending your capabilities. On your terms, on your schedule.

Excellent
Based on 391 reviews
2 weeks ago
It was wonderful experience to s...
It was wonderful experience to study at Monarch Institute. GREAT supporting faculties.
Ashmita
2 weeks ago
The course was simple and easy t...
The course was simple and easy to understand. Online stuff was a bit clunky
Luke
2 weeks ago
Monarch is a great provider!
Monarch provided a really thorough teaching experience. I was provided everything I needed to succee...
Christian
4 weeks ago
Best Institute
Best Institute
Karmo
4 weeks ago
Excellent - Staff, Support &...
Course content delivered by Monarch Institute was easily digestible and consistently drew practical ...
Matt
4 weeks ago
Very helpful and friendly servic...
Very helpful and friendly service. Thank you!
Anna
4 weeks ago
The study material provided was ...
The study material provided was of a high standard. The course is structured in a way that it makes ...
Butalia Harsukhvinder
1 month ago
Monarch Institute outlined every...
Monarch Institute outlined everything you needed to know from the beginning and were extremely helpf...
Jodie
1 month ago
I just completed Certificate IV ...
I just completed Certificate IV in Bookkeeping and Accounting and i am glad I have chosen Monarch. E...
Andra

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Expertise

  • Courses developed with leading academics and industry associations
  • Delivered by brilliant trainers who work with corporate leaders
  • Learn from professionals using real world case studies

Flexibility

  • Fit study around work, family, life.
  • Start immediately, or down the track
  • Flexible payment options

Support

  • Dedicated team of trainers and support staff on hand to guide you
  • Up to date, easy to understand course materials.
  • Assessment turnaround in 5-7 business days with comprehensive trainer feedback.
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