Cosec Podcasts

This is the third in the series on governance and culture. Goals have to incorporate: vision, expectations, accountability and responsibility. Watch my video to see how these lead to the alignment of goals and how this helps you manage culture. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/ or visit https://www.ri…

Legacy is something you leave behind. Will you leave behind something of value from your time on a not-for-profit board? How can you protect your legacy? Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/ or visit https://www.rightsource.com.auBy Justin Hogg

What is board culture? You can't see it, you can’t hold it - how can you effect it or change it? We’ll discuss the motivation of directors, director roles, board charter and how they can affect an organisation’s culture. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/ or visit https://www.rightsource.com.au…

Board charter is also known as Board terms of reference. Board charters should reference the constitution, director appointment, Board meeting details, Board papers, sub-committees, diversity/lived experience on the Board and more. Remember, governance is always evolving, it’s ok to change things along the way. Connect with me on LinkedIn https://w…

Would you not-for-profit benefit from some independent research? We’ll talk about the pros and cons of in-house, collaboration and outsourcing. Research helps with advocacy and provides an independent viewpoint to lean on when applying for funding. It confirms the value your organisation is adding to society. Connect with me on LinkedIn https://www…

Yes! It can provide a great deal of opportunity for both the CEO and the not-for-profit organisation. It can help with strategic thinking, teamwork, collaboration, networking and growth opportunities. There are also a few risks, which I will discuss. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/…

How do you move from being an operationally focussed Board towards being a strategically focussed Board? You need to have strategic long-term goals and visions. If you want the board to be strategic, you need to have CEO/exec team who can focus on operations. Think about whether the Board papers are operational or strategic, because that’s what the…

As a Company Secretary, it takes me around 15-20 hours to prepare for a Board meeting. Some people are shocked at this amount of time, but it’s worth it when it helps the Board run more efficiently and effectively. What’s involved in preparing for a Board meeting: setting the agenda, working out the flow of the meeting, organising board papers, loo…

There is bias everywhere. If you can be aware of bias, you can do something about it. At a Board level, there should be equal input in decisions etc, but that is not always the case. Authority bias or power bias, is when Board members defer to someone (perhaps the Chair), instead of putting their own ideas forward. Listen to this episode to find ou…

CEOs do not need to placate the Board, rather they need to know the Board’s direction, and navigate the organisation on that path. CEOs need to be curious and ask questions of the board. How is the CEO moving towards their strategic objectives and moving the organisation in the right direction? CEOs need to articulate challenges to the Board clearl…

The attendees of the board meeting are usually the directors and CEO. Who else should attend your board meeting? Sometimes inviting more of the exec team to the board meeting can feed information back to the other staff better than if it comes only from the CEO. It also allows the board and the operations team to understand each other better. But b…

Governance is a toolkit. A skills matrix is an inventory of the skills possessed by your board of directors. It comes in handy when you are recruiting, and helps achieve your organisation’s goals. Running an NFP in Australia - you should use a skills matrix. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/…

Are you an NDIS provider who struggles with the NDIS payment system in Australia? In this episode we look at how, often times, it’s not actually a systems issue within the business but more likely a few simple tweaks you need to make in order to streamline the process a little better. For any NDIS providers, if you’re wanting to discuss any of this…

Did you know that there are often business opportunities during crisis? We just need to train our eyes to be able to see them! Fortunately in this video, I’m taking the brain work out of it for you and helping you shift perspective to see how this time can be fruitful for you. As a National Disability Insurance Scheme provider you have your own set…

Do you need clarity around capturing data for NDIS Australia customers? In this episode I dive deeper into the NDIS providers’ responsibility around data capture and how that affects employees and ultimately the organisation. The National Disability Insurance Scheme is here to help families get the help THEY need in difficult times and I’m here to …

Now that we’ve looked at invoicing, the customer journey and capturing data you are probably wanted to know how to get your systems sorted out. If you’re a non profit in the NDIS space in Australia then listen to this to see how to pull together your systems to effectively manage NDIS customers. If you’re an NDIS provider, and wanting to discuss an…

If you need help understanding how to invoice clients in the NDIS system in Australia then this episode is for you! In this episode I walk you through the steps you need to know in order to successfully invoice your clients in the most efficient way possible. For any NDIS providers, if you’re wanting to discuss any of this at a deeper level or you …

If you are an NDIS provider, I created this episode to help you understand the client journey better so you can make better decisions around your processes. In this episode I delve into client journey mapping for NDIS Australia providers to help improve overall customer experience. For any NDIS providers, if you’re wanting to discuss any of this at…

What should you do if your NFP in Australia finds itself with too much spare cash? You need some cash on hand for working capital and your business continuity plan, but what do you do if you have more than that? You could invest the spare cash, grow your funds until you’re ready to spend them according to you purpose. Connect with me on LinkedIn ht…

The Office of the Registrar of Indigenous Corporations (ORIC) registers and assists Aboriginal and Torres Strait Islander corporations to run properly—according to their own rules and cultures—and ensure they don't break the law. ORIC provides training and charges no fees. Think of it like ASIC, but it’s specifically for indigenous corporations in …

Looking to start your not-for-profit director career in Australia? Make sure you’re there for the right reasons! What can you bring to the organisation? Watch the video to find out my other tips. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/ #director #notforprofit #boardmember #governance #boardofdirectors…

Not-for-profits and charities are some of the most innovative in The Australian economy. They are out there solving problems that government and corporate have not found solutions for yet, usually with a small budget. What charities are often NOT doing, is investing in their own capabilities. What we’re trying to do at Right Source, is help NFPs ac…

Are there too many not-for-profits in Australia? Do we need to aggregate some of them? Mergers and acquisitions are not always easy. Another idea is virtual aggregation. The benefits of a merger, while staying true to your own purpose. The advantages are providing scale to your back office, providing efficiencies and saving costs. We do this at Rig…

Governance and compliance are so important for not-for-profits in Australia. What are the difference between a compliance-mindset and a governance-mindset? Listen to find out my tips and tricks and make sure your governance and compliance are always up to scratch. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/…

The workload of your Board Members is a tricky thing to manage. One way to lessen the load is through committees. Board committees are a subset of the Board, challenged with a certain task. This can make more efficient use of the Board’s time. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/…

How can a dedicated Company Secretary help your Not-for-profit in Australia? A good Company Secretary can be like a personal trainer for your organisation 🏋️‍♀️ or perhaps a marriage counsellor 🤔 Company Secretaries facilitate communication between parties. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/…

Mergers and Acquisitions in the NFP space in Australia You can’t buy a Not-for-Profit in the traditional sense, so what you can do? Things to consider: what does each party bring to the table? Is there a cultural fit? Will scale give you bigger impact? Costs vs benefits? Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-sour…

Scaling your NFP in Australia. Sometimes NFPs hit a growth ceiling and can’t get past it. Scaling is all about growth. You need to invest and you need more knowledge and capabilities. How does an NFP get more funding to grow? Listen to find out more. Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/…

What does purpose mean in a not-for-profit in Australia? When you first set up your not-for-profit you are very clear on your purpose. We’ll talk about starting on purpose, staying on purpose, reviewing your purpose, and ending on purpose. If you’re involved with an NFP, feel free to connect with me on LinkedIn https://www.linkedin.com/in/justin-ho…

What exactly is the role of the Chair of the Board in Australia? Legally the chair has the same responsibilities as the other directors. The chair is the facilitator of the board. They lead the decision making process (they are not THE decision maker). Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/…

Setting up a not-for-profit in Australia is a different process than setting up a for-profit company. For starters, you need a board. To set up a board you will first need to think about the NFP’s purpose, the ‘why’. The NFP should outlive you. It shouldn’t be about the founder, it should be about the purpose. Board members you might need: people w…

In Australia, organisations are familiar with performance reviews for staff, so why not for board members too? Board performance reviews ensure that everyone on the board is doing the best they can, and that everyone is happy with how they’re performing. They also show each person where they could improve. This is a key governance task usually unde…

If you’re a not for profit then it’s really important that you have someone who understands nonprofit bookkeeping. They need to know how not-for-profit bookkeeping is different to regular bookkeeping and how to apply that. In this nonprofit accounting basics tutorial I will run through nonprofit bookkeeping vs regular bookkeeping so you can underst…

A key aspect of Not-for-profit governance in Australia is the Delegation of Authority. It is a simple document stating which responsibilities the Directors are delegating to the CEO and/or other staff members. To empower a CEO, you need three factors to be aligned: authority, responsibility and accountability. One important thing to note is to make…

Have you ever put together a nonprofit annual report? In this episode I list the 5 things you must include in your nonprofit annual report to ensure that it’s thorough and well rounded. I believe these are non profit best practices that will give you a tidy framework for your report. Knowing how to prepare annual reports is an essential part of bud…

How To Set KPIs For Nonprofits // Setting KPIs for nonprofits it’s just as important in knowing how to set KPIs in any other business. In this video I want to walk you through how to set KPIs for nonprofits so you are able to measure your success. Nonprofit KPIs should take into consideration the overall strategic objectives of the organisation. Th…

Should my Not For Profit in Australia Do Well or Do Good? // If you’re a not for profit in Australia then at some point you might ask yourself, should my not for profit in Australia do well or do good? Nonprofit management will often go back and forth with between these two outcomes and really they tend to fall into two different categories. If you…

PREPARING FOR YOUR NOT FOR PROFIT AUDIT 💰// A not for profit audit can be a daunting experience if you’re not prepared for it. That’s why I created this video about preparing for your not for profit audit. In this video I talk about how to select a nonprofit auditor as well as nonprofit best practices during an audit. As you might imagine accountin…

Nonprofit Accounting Basics - 5 Things Your Accountant Should Do! // Today I want to run you through some nonprofit accounting basics from an accountant’s standpoint. 5 things your accountant should do and the five things that matter most accounting for a non profit organisation. So what does your accountant do? Accounting in a not for profit organ…

5 TIPS WHEN EXPANDING YOUR NOT FOR PROFIT IN AUSTRALIA // If you have started a not for profit in Australia then chances are the time will come when you need to expand past the kitchen countertop. In this video I give you 5 tips when expanding your not for profit in Australia. These tips centre around your nonprofit strategic planning and require y…

Setting Up A Not For Profit In Australia - PART ¼ // Thinking of starting a not for profit in Australia? Well, I have a 4-part series coming on the subject and today we start with setting up a not for profit in Australia. Understanding how to start a not for profit in Australia requires you to do some groundwork first. Setting up a not for profit h…

Setting Up A Not For Profit In Australia: ACNC - PART 2/4 // Thinking of starting a not for profit in Australia? Well, I have a 4-part series rolling out on the subject and today we look at the ACNC and their role in setting up a not for profit in Australia. This episode looks into the process of registering your charity with the (ACNC) Australian …

Setting Up A Not For Profit In Australia: Tax Concessions - PART 4/4 // Tax concessions is the topic for today’s episode. If you are a not for profit in Australia or looking to set up this type of company then make sure you go back and listen to the other episodes within this series. We are on the home stretch as we talk about how to start a not fo…

Setting Up A Not For Profit In Australia: Governance - PART 3/4 // Are you looking to start a not for profit in Australia? This is the third episode in a 4-part series rolling out on the subject and today we take a look at governance This episode dives into nonprofit governance and what that entails when you’re figuring out how to start a not for p…

Should Australian Not-for-profits compete with each other? You started an NFP to fill a need or achieve a purpose. You’re not trying to beat another NFP. It’s not about winning, it’s about being better. Competing in good spirit pushes you to do better The changes to the NDIS have shown us how NFPs can compete in good spirit. Connect with me on Link…

How do you reduce the size of your Board Papers for a Not-for-Profit in Australia? Good Corporate Governance is essential, but not-for-profits all over Australia are having trouble with the size of their Board Papers. In this video, I’ll give you some tips and tricks to reduce the size of your Board Pack, to the relief of your Directors, no doubt. …

There are quite a few differences for company secretaries and governance requirements depending on whether they work for an ASX company or a not-for-profit in Australia. Watch this video to find out the differences, and which role would suit you better, maybe you can even do both. My journey as a Company Secretary started in an ASX company. I have …

Do you understand conflicts of interest in not-for-profits in Australia? The Board of Directors of not-for-profits have a duty to act in the company’s best interest and not misuse their position. If a Director (or their family or friend) has a competing interest, this is where a conflict of interest may occur. I’ll outline some examples of conflict…

Should Directors of not-for-profits in Australia be paid? If you are running a not-for-profit in Australia, I'll answer all your questions about the pros and cons of paying your directors, and which circumstances suit each position. The CEO and Directors are so important to NFPs and finding the right fit for your NFP is crucial. This video will tal…

This podcast is a part of a series for, CBSE Class 10 Maths. We recommend that you take a look at our YouTube channel, to enter this new world of virtual learning at its best. || Youtube: Shiksha Abhiyan || t.ly/dN9j8 ||By Shiksha Abhiyan