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Title: The Role of Corporate Financial Control and Governance Mechanisms in the Successful Financial Management of a Small Not-For-Profit Organisation in Australia
Contributor(s): William, Daisy  (author); Hovey, Martin  (supervisor); Adapa, Sujana  (supervisor)orcid ; Kotey, Bernice  (supervisor); Gibson, Brian  (supervisor)
Conferred Date: 2016
Copyright Date: 2015
Open Access: No
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Abstract: The topic of this research is, The role of corporate financial control and governance mechanisms in the successful financial management of small not-for-profit organisations in Australia. This research stems from a few pressing issues in the industry that have impacted on the not-for-profit (NFP) sector. Some of these issues are the closing down of valuable services due to lack of funds, the constant survival mode that small NFP organisations are working under and the difficulty in attracting skilled directors for NFPs. Currently, there is only a limited literature in the area of best practice and a model code of conduct specifically for small NFP organisations. The literature also revealed that small NFP organisations have limited governance instruments to protect the interests of the organisation or its membership. Small NFP organisations are also loosely monitored in Australia. They are only required to submit a summary of their financial affairs at their AGM and to the NSW Fair Trading or Australian Securities and Investment Commission. There is also little accountability in this sector in that there is a clear separation of ownership and control. Due to the fact that there is limited governance, low monitoring and low accountability in small NFP organisations, there is a need for the development of good governance instruments in order to attain public confidence and for the long-term survival of these NFPs. During the course of the study, four research questions emerged.
Publication Type: Thesis Doctoral
Field of Research Codes: 150103 Financial Accounting
Socio-Economic Outcome Codes: 900101 Finance Services
Rights Statement: Copyright 2015 - Daisy William
Open Access Embargo: 2021-04-24
HERDC Category Description: T2 Thesis - Doctorate by Research
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Appears in Collections:Thesis Doctoral

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