Unit of competency Outline

Date retreived
23/07/2026 1:07 AM AWST

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Monitor corporate governance activities

Monitor corporate governance activities

Unit of competency
National Code
BSBMGT623
State Code
AUJ64
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080301 - Business Management
Original Release Date
15/09/2015
Nominal Hours
45
Description
This unit describes the performance outcomes, skills and knowledge required to develop and implement procedures to ensure the organisation meets its corporate governance obligations. It covers researching corporate governance trends, standards and practices, establishing processes to promote compliance, reviewing compliance and taking corrective action on non-compliances.It applies to individuals in any sector or type of organisation with responsibility for monitoring and managing compliance to corporate governance requirements.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish corporate governance standards and practices
  • 1.1 Monitor the application of, and adherence to, professional and legal standards to identify emerging trends and interpretations of statutory and other regulatory requirements
  • 1.2 Research governance audit reports and practices to assess methodologies and recommendations
2. Identify corporate governance reporting trends
  • 2.1 Analyse organisational practices to identify corporate governance obligations and performance
  • 2.2 Review queries from statutory and other regulatory authorities for corporate governance failure to identify the need for changes to internal control procedures
  • 2.3 Analyse the organisation's governance reports, returns and review processes to identify to identify whether they meet current requirements
3. Determine processes for corporate governance adherence
  • 3.1 Analyse internal control procedures to determine corporate governance compliance performance indicators
  • 3.2 Evaluate whether information technology systems meet corporate governance obligations for recording data from operations and transactions
  • 3.3 Establish management processes to support corporate governance
  • 3.4 Establish reporting plans to ensure the organisation meets compliance and reporting deadlines
4. Review corporate governance compliance
  • 4.1 Monitor compliance performance indicators
  • 4.2 Monitor compliance preparation processes for compliance
  • 4.3 Analyse non-compliances to identify cause/s and implement corrective actions
No information
No information
Replaced By
State Code National Code Title Type
OCE86 BSBOPS602 Monitor corporate governance activities Unit of competency