Unit of competency Outline

Date retreived
22/07/2026 7:47 AM AWST

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Provide corporate leadership

Provide corporate leadership

Unit of competency
National Code
SFILEAD507C
State Code
D9245
TGA Status
Deleted
DTWD Status
Transition (Deleted)
Current Release Number
1.00
Current Release Date
22/07/2011
State Implementation and Classification
Approved Date
26/03/2013
Field of Education
080301 - Business Management
Original Release Date
26/03/2013
Nominal Hours
45
Description
This unit of competency deals with the capability of a strategic industry leader to perform a corporate leadership role as a director of a statutory board, company, industry council or cooperative, or their own business. (While directors have clear statutory responsibilities, they may not perform all the roles described in this unit).No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Monitor and enhance organisational performance
  • 1.1. Values/ethical code, strategic directions and plans for the organisation are developed, monitored and reviewed.
  • 1.2. The viability of business proposals are assessed in terms of their potential risk and return to the organisation.
  • 1.3. Performanceagainst agreed measures is regularly monitored and reported.
2. Ensure legal compliance of organisation
  • 2.1. Legal obligations are identified and understood.
  • 2.2. Procedures are documented and records are monitored to ensure that the organisation is compliant.
  • 2.3. Checks are made to ensure that required reports and records are lodged with the appropriate authorities by the due dates.
3. Establish and maintain board operation
  • 3.1. Roles, responsibilities and reporting arrangements are negotiated with managers, board members, staff and external advisers according to their skills and expertise.
  • 3.2. Financial performance is monitored against plans to identify variances and ensure that returns to members are optimised.
  • 3.3. Human resource and financial policies and practices are monitored to ensure they adhere to regulations, community standards and organisational requirements.
  • 3.4. Conflicts of interest are declared and care is taken to represent broad member interests at all times rather than favouring specific sectional interests.
  • 3.5. Credibility for the board is built with external agencies, stakeholders and people of influence by providing a clear vision of where the corporation is headed and practical strategies for getting there.
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Plans may include:
capital investment plans
physical and human resource strategies
strategic, business and financial plans
succession plans
training and staff development plans
vision and mission statements.
Business proposals may include:
alternative services
change of corporation strategy
investments and loans
major purchases, contracts and leases
new products and new markets
risk strategies
staffing and personnel
take-overs and mergers.
Performance against agreed measures may include:
achievement of goals, plans and directions
compliance with legislation, stakeholder and community values and expectations
corporation stability
financial performance
human resource usage
organisational structure
productivity
shareholder/stakeholder satisfaction
supplier, client and customer satisfaction.
Legal obligations may include:
Australian Securities Investment Commission (ASIC) requirements
Australian Stock Exchange (ASX) rules and regulations
corporations law
directors'/officers' liability insurance
environmental sustainable development (ESD)
food safety and hygiene
human resources and industrial relations
industry guidelines and codes of practice
OHS
rules of incorporation and articles of association
taxation and responsible officers.
External advisers may include:
accountants, auditors and financial advisers
consultants, such as national resources, environmental management and marketing
external interest groups, such as the Australian Conservation Foundation
government and non-government
lawyers
other participants in ecosystem management groups, such as Landcare, Coastcare and catchment management groups
scientists, economists, logistics and technicians
third-party auditors or certifiers.
Financial performance may include:
attainment of business plans and budgets
cash flow
debt to equity ratio and return on capital investment
profitability
variation from business plans.
Human resource policies and practices may include:
access and equity
career and succession planning
industrial relations
OHS
performance agreements
remuneration and superannuation
training and development.
Financial policies and practices may include:
financial information systems
financial statements, such as balance sheets, profit and loss statements with notes, taxation returns and director's statements.
Conflicts of interest may include:
articles of association and legal requirements
bribery, gifts and entertainment
conflicting directorships or membership of organisations
corporation interest and personal gain
favours for friends and relatives
improper use of information
insider trading
political activity.
Stakeholders may include:
Austrade and Department of Foreign Affairs
certification or accreditation bodies and third-party auditors
commercial fishing or aquatic groups
community representatives, local land holders and residents
conservation and environmental organisations, such as the Nature Conservation Council and the World Wide Fund for Nature
cooperatives, marketing bodies and associations
current and potential customers, clients and suppliers
ecosystem or resource management committees or advisory groups, including Management Advisory Committees (MACs), catchment management groups, Landcare, Bushcare, Coastcare and Seacare
employer, company directors and other professional associations
export promotion agencies, such as the Exporters Club
government funding providers
Indigenous seafood or resource management groups and traditional fishing groups/cooperatives
media
ornamental, aquarium and other hobby groups
political organisations, politicians and ministerial advisors
professional, industry and state or territory representative bodies, including Seafood Experience Australia, National Aquaculture Council, Commonwealth Fisheries Association and Seafood Services Australia
relevant ministries, government departments (federal, state or territory and local) and other regulation authorities, such as Department of Agriculture, Forestry and Fisheries, Australian Fisheries Management Authority and Australian Aquaculture Inspection Service
research organisations, such as Australian Bureau of Agricultural Resource Economics and the Bureau of Rural Sciences
schools, registered training organisations (RTOs) and industry training centres, AgriFood Skills Australia Standing Committee and industry training advisory bodies (ITABs)
statutory authorities, such as the Fisheries Research and Development Corporation
surfing, recreational fishing and boating groups
unions.
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment

Critical aspects for assessment evidence required to demonstrate competence in this unit
Assessment must confirm the ability to:
communicate effectively with board members, shareholders, staff and external stakeholders
contribute to assessment of viability of business proposals
contribute to strategic and business planning
ensure legal compliance
implement human resource and financial management systems
monitor financial status and performance.
Context of and specific resources for assessment
Assessment is to be conducted in the workplace and in a simulated work environment.
Method of assessment
The following assessment methods are suggested:
feedback from the chairperson, board members, corporation managers and stakeholders about the candidate's ability to provide corporate leadership
interview and oral questioning
review of discussion papers, reports and plans prepared by the candidate and submitted to the board.
Guidance information for assessment
This unit may be assessed holistically with other SFILEAD (leadership) units within a Skill Set or qualification.
Replaces
State Code National Code Title Type
S4254 SFILEAD507B Provide corporate leadership Unit of competency