A Board’s culture has profound implications for the collective culture and ultimately the adaptive capacity of the organisation it oversees. Not-for-profit (NFP) Boards have unique features that differentiate them from for-profit Boards, and the Australian Institute of Company Directors (AICD) has set out a series of guiding principles of good governance for not-for-profit (NFP) Boards, including setting the cultural and ethical tone for the organisation.
This green paper explores how these unique features of a NFP Board can influence culture, and how to leverage these features to evolve and adapt these distinctive organisations.