Every member on the board should read the "corporate governance principles and recommendations".

the document is less than 50 pages and should not be treated as a recommendation by the club but as the framework that is to be administered to avoid the club from total failure.

Principle 1: lay solid foundations for management and oversight

Principle 2: structure the board to add value

Principle 3: promote ethical and responsible decision making

Principle 4: safeguard integrity in financial reporting

Principle 5: make timely and balanced disclosure

Principle 6: respect the rights of shareholders

Principle 7: recognise and manage risk

Principle 8: remunerate fairly and responsibly

Change is definitely required at the club, and these 8 principles will help the change run smoothly.

Benson You don't need corp gov if u r at the MFC. It's optional hence the position we r in.

Oh the joy.

Edited April 19, 201312 yr by DemonOX