From www.aicd.com.au: Australia’s $20 billion childcare sector faces systemic failures and regulatory issues, leading to calls for reform and an inquiry into the NSW regulator’s performance.
Experts urge non-executive directors at childcare centres to reassess organizational structures and incentives that prioritize profits over children’s well-being, as alleged abuses have surfaced.
The Australian Institute of Company Directors has updated its governance principles for the not-for-profit sector to promote better practices and child-focused outcomes.