AST Gvrce Governance Capability

Published on: Jan 10, 2025

On Jan. 8, AST Gvrce issued new Governance capability framework.

  • AST Gvrce announced new Governance capability framework to establish standards for governance and risk management education as regulations around climate reporting, AI, privacy, workplace culture take effect in 2025; as well as micro-credentials.
  • In addition, short courses to develop governance and risk management skills.
  • Overview of Framework
  • Provides evidence-based standards defining knowledge, skills, mindsets required for governance professionals across all sectors and career stages; aims to help auditing existing governance capabilities, prioritize development, design future roles.
  • Addresses governance weaknesses including inadequate risk management, lack of transparency, insufficient board oversight of culture and regulatory challenges.
  • Introduces micro-credentials aligned to Australian qualifying standard level 8, delivered online with flexible self-paced learning; new short courses aligned to framework focused on integrated the approach to governance, risk management roles.
  • Launching CapabilityPro career profiling tool in Q1 2025 to map pathways for training.
Regulators
AST Gvrce
Entity Types
Auditor; Corp; Fiduciary
Reference
PR 1/8/2025; ESG;
Functions
Audit; Compliance; C-Suite; HR; Legal; Risk; Training
Countries
Australia
Category
Trade Association
State
N/A
Products
Corporate; Education
Rule Type
Guidance
Regions
AP
Rule Date
Jan 8, 2025
Effective Date
Jan 8, 2025
Rule ID
239570
Linked to
N/A
Reg. Last Update
Jan 8, 2025
Report Section
International