Unit of competency Outline

Date retreived
22/07/2026 9:52 PM AWST

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Monitor corporate governance activities

Monitor corporate governance activities

Unit of competency
National Code
BSBOPS602
State Code
OCE86
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
19/10/2020
View on TGA
State Implementation and Classification
Approved Date
16/03/2021
Field of Education
080301 - Business Management
Original Release Date
16/03/2021
Nominal Hours
45
Description
This unit describes the 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, and establishing processes to promote compliance. It also includes reviewing compliance and taking corrective action on non-compliance.The unit applies to those who are responsible 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. Plan corporate governance activities
  • 1.1 Identify corporate governance requirements, standards and practices according to organisational requirements
  • 1.2 Develop processes for monitoring performance of organisation’s corporate governance activities
  • 1.3 Research governance audit reports and practices and identify methodologies and recommendations for implementation
2. Monitor performance of corporate governance activities
  • 2.1 Analyse the organisation’s governance reports, returns and review processes
  • 2.3 Develop and update management processes for corporate governance
  • 2.3 Establish reporting plans and confirm organisation meets compliance and reporting deadlines
3. Review corporate governance activities
  • 3.1 Evaluate organisational adherence to requirements, standards and practices
  • 3.2 Monitor compliance performance indicators
  • 3.3 Identify non-compliances and causes, and implement corrective actions, where required
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