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Board Governance Policy


PurposeAscend GRC is committed to maintaining the highest standards of governance, accountability, and ethical leadership. This policy outlines the roles, responsibilities, and operational framework for the Board of Directors to ensure effective governance and strategic oversight.
Ascend GRC Board Governance Policy

Board Governance Policy

1. Purpose

Ascend GRC is committed to maintaining the highest standards of governance, accountability, and ethical leadership. This policy outlines the roles, responsibilities, and operational framework for the Board of Directors to ensure effective governance and strategic oversight.


2. Scope

This policy applies to all members of the Board of Directors, executive leadership, and relevant stakeholders involved in Ascend GRC’s governance structure.


3. Definitions

  • Board of Directors: The governing body responsible for the strategic direction and oversight of Ascend GRC.

  • Governance: The system of rules, practices, and processes by which Ascend GRC is directed and controlled.

  • Fiduciary Duty: The legal and ethical obligation of board members to act in the best interests of the organisation.


4. Policy Statement

Ascend GRC is committed to:

  • Strong Governance Structures – Ensuring clarity in roles, responsibilities, and decision-making processes.

  • Ethical Leadership – Upholding integrity, transparency, and accountability in governance practices.

  • Strategic Oversight – Providing guidance and monitoring organisational performance and compliance.

  • Stakeholder Engagement – Ensuring responsiveness to the needs of members, funders, and regulatory bodies.


5. Board Structure & Responsibilities

  • The Board of Directors shall comprise independent and qualified members with diverse expertise.

  • The Board shall oversee:

    • Organisational strategy and performance.

    • Risk management and financial sustainability.

    • Compliance with legal and regulatory requirements.

    • Appointment and performance of the Chief Executive Officer (CEO).


6. Board Meetings & Decision-Making

  • The Board shall meet at least quarterly, with additional meetings as required.

  • Decisions shall be made through a majority vote, with a quorum defined in the Constitution.

  • Meeting minutes shall be recorded and maintained for accountability.


7. Conflict of Interest Management

  • Board members must disclose any actual or perceived conflicts of interest.

  • Affected members shall abstain from voting or decision-making where conflicts exist.


8. Board Performance & Evaluation

  • Annual board performance reviews shall be conducted to assess effectiveness.

  • Board members shall undergo governance training and professional development.


9. Compliance & Enforcement

  • Non-compliance with this policy may result in disciplinary action or removal from the Board.

  • The Board shall ensure compliance with governance laws and regulatory obligations.


10. Related Legislation & Standards

  • Corporations Act 2001 (Cth).

  • Australian Charities and Not-for-profits Commission (ACNC) Governance Standards.

  • ASX Corporate Governance Principles (where applicable).

  • ISO 37000: Governance of Organizations.


11. Review & Approval

This policy will be reviewed annually by the Board to ensure effectiveness and alignment with best governance practices.


12. Contact Information

For queries regarding this policy, please contact:

Ascend GRC Board Secretariat

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