Educational institutions, corporate governance and not-for-profits

John Lessing, David Morrison, Maria Nicolae

Research output: Contribution to journalArticleResearchpeer-review

Abstract

Schools are a big part of the not-for-profit ('NFP') sector in Australia. This article
considers the choice as operating structure of NFPs and recommends a uniform operating structure that might be used for all. The company limited by guarantee is a useful structure since the provisions of the Corporations Act2001 (Cth) ('Corporations Act') offer day-to-day operating rules and law. This article suggests that a new chapter be inserted into the Corporations Act specifically to account for NFP activities. The recommendations draw upon the recent English inquiry and legislative amendments. We also refer to the January 2011 Australian Government consultation paper, Scoping Study for a National Not-for-Profit Regulator, that considers the feasibility of a nation-wide regulator.
Original languageEnglish
Pages (from-to)1-22
Number of pages22
JournalCorporate Governance eJournal
Publication statusPublished - 2012

Fingerprint

corporate governance
educational institution
profit
corporation
amendment
guarantee
act
Law
school

Cite this

@article{ac44ddbda0d04855927029f3c1a53ee4,
title = "Educational institutions, corporate governance and not-for-profits",
abstract = "Schools are a big part of the not-for-profit ('NFP') sector in Australia. This article considers the choice as operating structure of NFPs and recommends a uniform operating structure that might be used for all. The company limited by guarantee is a useful structure since the provisions of the Corporations Act2001 (Cth) ('Corporations Act') offer day-to-day operating rules and law. This article suggests that a new chapter be inserted into the Corporations Act specifically to account for NFP activities. The recommendations draw upon the recent English inquiry and legislative amendments. We also refer to the January 2011 Australian Government consultation paper, Scoping Study for a National Not-for-Profit Regulator, that considers the feasibility of a nation-wide regulator.",
author = "John Lessing and David Morrison and Maria Nicolae",
year = "2012",
language = "English",
pages = "1--22",
journal = "Corporate Governance eJournal",
issn = "1836-1110",
publisher = "Bond University Press",

}

Educational institutions, corporate governance and not-for-profits. / Lessing, John; Morrison, David; Nicolae, Maria.

In: Corporate Governance eJournal, 2012, p. 1-22.

Research output: Contribution to journalArticleResearchpeer-review

TY - JOUR

T1 - Educational institutions, corporate governance and not-for-profits

AU - Lessing, John

AU - Morrison, David

AU - Nicolae, Maria

PY - 2012

Y1 - 2012

N2 - Schools are a big part of the not-for-profit ('NFP') sector in Australia. This article considers the choice as operating structure of NFPs and recommends a uniform operating structure that might be used for all. The company limited by guarantee is a useful structure since the provisions of the Corporations Act2001 (Cth) ('Corporations Act') offer day-to-day operating rules and law. This article suggests that a new chapter be inserted into the Corporations Act specifically to account for NFP activities. The recommendations draw upon the recent English inquiry and legislative amendments. We also refer to the January 2011 Australian Government consultation paper, Scoping Study for a National Not-for-Profit Regulator, that considers the feasibility of a nation-wide regulator.

AB - Schools are a big part of the not-for-profit ('NFP') sector in Australia. This article considers the choice as operating structure of NFPs and recommends a uniform operating structure that might be used for all. The company limited by guarantee is a useful structure since the provisions of the Corporations Act2001 (Cth) ('Corporations Act') offer day-to-day operating rules and law. This article suggests that a new chapter be inserted into the Corporations Act specifically to account for NFP activities. The recommendations draw upon the recent English inquiry and legislative amendments. We also refer to the January 2011 Australian Government consultation paper, Scoping Study for a National Not-for-Profit Regulator, that considers the feasibility of a nation-wide regulator.

M3 - Article

SP - 1

EP - 22

JO - Corporate Governance eJournal

JF - Corporate Governance eJournal

SN - 1836-1110

ER -