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Chair Suvam Ganguli opened the meeting with a toast to Rotary International. President Neville Taylor welcomed guests, Julia Fraser (wife of Paul), Maha Sukkar (potential member) and Jasleen Sawhney (potential member – Docklands). Neville reminded that the Social Enterprises that RCM is using has an increasing number of goods available. He encouraged members to purchase tickets for the 3 lucky people to win prizes. Gerard Hogan - Would I Lie to You? Encouraged Brett Jones to tell his story, which was far too lengthy to repeat here. Most of the story was true but Brett threw people off the trail when one aspect of it was not, thereby making the story a lie! Most thought it had to be true. Announcements Peter Duras thanked those involved in running the BBQ last weekend, which raised just over $1,600, an excellent result.
President Neville’s Announcements Neville reminded members to start registering for the Paul Harris Breakfast on Wednesday 28th November. Neville informed members of the upcoming RC Melbourne event, "Ignite" art exhibition, on Thursday 25th October. Further details are contained in this week's bulletin.
Guest Speakers: Samantha Pearce & Colleen Hegarty, Commonwealth Bank of Australia Samantha and Colleen are both part of CBA’s Corporate Financial Services unit and specialize in the Not-for-Profit (NFP) and Education sectors, working with large organisations to understand their strategic priorities and support these with tailored financial solutions, business insights and market leading technology. Their presentation focused on the Australian Institute of Company Directors 2018 NFP Governance and Performance Study. They each outlined different aspects of the study relating to reporting, innovation, cyber security, culture and concluded with data pertinent to aged care service providers. Some of the matters identified by the study that they referred to included: The evolving nature of NFP governance and the increasing expectations on NFP directors. That 42% of Board’s surveyed believe that Board performance monitoring is satisfactory. The NFP sector is regarded as the most innovative. 44% of NFP Board’s believe the CEO is responsible for recommendations on innovation. 39% of Board’s believe they operate at the right level of innovation. Cyber crime is an every day issue and is known to the Board, but 33% do not have the issue on their meeting agenda. 19% of Boards regards cyber security as an operational issue. 40% believe they have been subject to cyber attack. 43% of Boards regard organisational culture as ‘difficult’ to control. The most popular methods of controlling culture include policy documents, embedded values in job descriptions and publishing of organisational values. There are over 2,000 providers of aged care services in Australia, of which half are NFP organisations. Total revenue of the sector is $21.5b of which $16.2b (75%) is funded by Federal Government. The top priorities for policy reform identified by aged care directors include the speed-up of releasing home care funding, more consultative approach by government and increased funding. If additional funding was available the spending would be directed to financial sustainability (45%), new facilities (39%) and improved workforce skills (38%).
A copy of the study can be downloaded from the following website: https://aicd.companydirectors.com.au/advocacy/research/2018 Samantha and Colleen were thanked for their presentation and collectively drew the raffle. Before President Neville closed the meeting, he mentioned that Chief Commissioner Graham Ashton and Police Association Secretary Wayne Gatt started the ‘Head to Head’ walk from opposite sides of the state, aiming to cover a combined 1000km and raise $500,000 for the Retired Peer Support Officer program, with a focus on mental health support. Mr Ashton started his section from Mallacoota and Mr Gatt started from Mildura and are headed to Wangaratta. The walk will pass through Echuca and Rotary clubs along the walk have be involved in supporting the event when it passes through town. President Neville closed the meeting wishing everyone a good week and reminding us to take whatever opportunity we can to embrace this year’s theme and “Be the Inspiration” to someone. |