AICD’s FY24 Policy Leadership Priorities

At the heart of the AICD’s purpose and mission is our commitment to be the “independent and trusted voice of governance.”

The AICD is committed to thoughtful policy leadership in areas relevant to our purpose and our members. Our policy leadership work includes:
 

• Developing policy positions on issues relevant to directors through careful consideration and consultation with Division Councils, Committees and members through the Director Sentiment Index;
• Supporting members with resources on contemporary practice issues to help them build capability in emerging areas of governance; and
• Commissioning research to contribute to debates impacting the director community.

The AICD Board has endorsed regulatory reform priorities for FY24, developed by our Policy Leadership team, as we prepare for another busy year of public policy input:

• Targeted cyber governance policy that lift national resilience, promoting a “Team Australia” partnership and limiting overlapping and punitive regulation;
• Balanced policy settings that support high quality disclosures, including balanced liability settings to facilitate mandatory climate reporting;
• NFP regulation that promotes financial sustainability and harmonisation;
• Coordinated and proportionate regulation, building consensus and understanding with policy makers of issues of concern to directors, productivity and growth.

Over the past year, AICD has played an active role in shaping the regulatory environment, contributing to over 30 consultations on issues including cyber regulation, climate disclosure, ASIC’s performance and the Modern Slavery Act review. A common theme is advocacy for appropriately framed board obligations, and evidence-based arguments against widely-cast director liability.

AICD’s Policy Leadership area also plans to develop further contemporary practice guidance for directors, building on initiatives such as our joint Cyber Governance Principles with the Cyber Security Cooperative Research Centre. Our FY24 agenda includes a resource for boards on climate reporting, August’s Climate Governance Forum and refreshed NFP good governance principles.

In September we will also be hosting a delegation of directors to meet with Parliamentarians in Canberra as part of our ongoing engagement on public policy and regulatory priorities.

Find out more about our policy leadership work here.