The ClubsNSW Mandatory Director Training program provides the information directors need to fulfil corporate governance training compliance.
Requirements and Course Inclusions
All directors need to complete two core training modules within 12 months of being elected to a club’s board. The requirements are scaled according to club size so that:
- Clubs with annual gaming machine revenue of greater than $1 million - all directors are required to complete the core training modules
- Clubs that are below this threshold need to ensure that at least two of its directors complete the core training modules – best practice is to encourage all board members to complete this training to ensure a better understanding of financial literacy and directors duties.
Mandatory Director Training is made up of two core training modules:
- Director Foundation & Management Collaboration: Directors, CEOs and emerging leaders learn about the complex role and responsibilities of a director, as well as important aspects of good corporate governance. Understanding of legislation, strategic and succession planning as well as compliance requirements, are essential elements for directors.
- Finance for Club Boards: Financial literacy is a key skill for directors and CEOs in the governance and management of their clubs. To make smart board decisions, directors need to understand balance sheets, profit and loss statements, cash flow budgets and key industry ratios. Participants are shown the importance of aligning financial reporting to strategic planning.
There are three delivery options for completing the Mandatory Director Training modules:
|Option||Description||Duration||Cost (Non-CDI Member)||Cost (CDI Member)|
|Online Training||This fully online self-paced, interactive course has been updated to ensure an engaging learning experience. The commencement and completion of the course is flexible to suit your needs.||This training allows you to complete micro-learning modules of approximately 20 minutes each at any given time within a month after the date of commencement.||$110/per module||Free|
|Facilitated Virtual Training||Hosted via an online platform called OnAir and delivered according to a schedule. Facilitated Virtual Training allows a similar level of interaction between the trainer and participants as face to face training and is a more cost effective option for those that enjoy trainer interaction. This course is engaging and covers key areas of course content while enabling participants to complete assessments during the session.||
3 hours (with 3 hours of pre-reading required)
|Face-to-Face Training||Face to face training is now offered within each region to ensure that Directors have the opportunity to attend face to face training. Anyone interested in attending the courses are encouraged to view the dates scheduled for your region for the year and register at the earliest as registrations are limited and seats are filling fast.||Full day||$429/per module.||$319/per module|
Exemptions, Recognition and Credit Transfers
Any director who has served on a club board for three consecutive years or more, up to and including 30th June 2013, can be deemed exempt from completing Mandatory Director Training. However, it is recommended as best practice to complete the course as a refresher. To be eligible for exemption, there needs to be sufficient evidence of the knowledge and skills required for good corporate governance. Directors will need to provide documentation and complete an online assessment to demonstrate competence.
Directors are required to maintain records of core training modules they have completed as they may form part of the L&GNSW regular compliance audits of clubs. To assess and obtain Recognition of Current Industry Knowledge (RCIK), Continuing Professional Development (CPD) and Credit Transfers (CT), please complete the online application.
For further enquiries or to discuss eligibility, please contact ClubsNSW Learning and Development Manager Reyna Mendes at email@example.com to discuss.