In this episode we speak with Professor Ian Gow, the director of the Melbourne Centre for Corporate Governance and Regulation in the Faculty of Business and Economics at the University of Melbourne. Professor Gow reveals the key concepts of governance and exposes the harms that may arise in circumstances where registered organisations do not have sufficient oversight in place.
ROCpod was a monthly podcast created by the Registered Organisations Commission, which is now abolished. The obligations for registered organisations remain unchanged, with the functions transferred to the Fair Work Commission as the regulator from 6 March 2023. If you need further information please contact the Fair Work Commission on 1300 341 665 or email regorgs@fwc.gov.au.
Episode 2: The importance of good governance
Episode highlights
- 01:20 What is governance?
- 03:30 Lessons from the corporate sector
- 05:40 The role of the committee of management
- 07:20 Achieving good governance in a small registered organisation
- 09:10 Consequences of poor governance
- 13:40 Episode summary
Disclaimer
ROCpod was the official podcast of the Registered Organisations Commission. It is copyright to the Commonwealth of Australia. The opinions expressed in ROCpod are the opinions of the particular speaker and not necessarily the opinions of the regulator.
This information is general and is not intended to be comprehensive, it is designed to assist in gaining an understanding of the relevant provisions of the legislation, the regulator and its work. The regulator is not able to provide legal or accounting advice.
For further information please see the registered organisations materials on our website or contact us at regorgs@fwc.gov.au.