Did you know that good corporate governance is essential for the success and sustainability of your hospitality establishment? Let’s delve into why it matters now more than ever.

Harm minimisation is the number one focus within the industry right now resulting in an increasing level of responsibility on venues to ensure they are operating an ethical and sustainable business in the liquor and gaming environment. This makes it more important than ever for venues implement strong corporate governance practices.

Compliance and Regulation: Adhering to relevant laws, regulations, and industry standards is crucial for responsible operation. Strong corporate governance ensures that your establishment stays compliant with licensing requirements, responsible service of alcohol guidelines, and other legal obligations. It minimizes legal risks and helps maintain a positive reputation in the community.

Continuous Improvement: Corporate governance practices should be dynamic and evolve over time. Regularly reviewing and improving your harm minimization strategies ensures you stay up to date with emerging trends, research, and community expectations. It allows you to proactively address potential risks and adapt to changing circumstances, promoting a culture of continuous improvement.

Financial Stability: Effecient corporate governance helps maintain financial stability by implementing robust financial controls, risk management strategies, and ethical practices. This enables your club or pub to weather economic uncertainties and provide sustained benefits to your members and community.

Long-term Sustainability: By implementing good corporate governance practices, you lay a strong foundation for the long-term sustainability of your establishment. It ensures continuity, succession planning, and the ability to adapt to changing market dynamics, enabling you to serve your community for years to come.

Our team is dedicated to helping licensed venue’s all around Australia to establish and maintain best practices in corporate governance:

✔️ Independent Constitution Reviews
✔️ Harm Minimisation Programs
✔️ Corporate Governance Training
✔️ Updates to Legislation

Want to know how we can help?

For more information on our corporate governance support, contact Danny Nixon-Smith on danny@dnsspecialistservices.com.au or 0435 799 400. 

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