Director Download

Government boards play a critical role in delivering long-term outcomes for communities. But while many governance fundamentals remain the same, directors unfamiliar with the public sector often discover the operating environment differs significantly from the private sector.

In this episode, former NSW Attorney General and experienced director The Honourable Gabrielle Upton explains what every director should understand before serving on a government board. Drawing on her experience as both a minister and non-executive director, Gabrielle explores the realities of ministerial oversight, political context, public accountability and long-term stewardship.

She also shares practical advice for directors considering a public sector appointment, explains why these roles remain highly rewarding, and highlights lessons that private and public sector boards can learn from each other.

We cover:

• (02:20) How governance in the public sector differs from private boards
• (04:00) Common misconceptions directors bring when joining a government board
• (06:50)) What makes an effective government board and why diverse perspectives are increasingly important
• (11:00) Navigating ministerial influence while maintaining strong governance
• (12:00) Why understanding political context matters without becoming political
• (19:00) Navigating the unique scrutiny facing government boards
• (23:00) What private sector boards can learn from government boards

Connect:

• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/
• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/
• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode Director Download was produced on the traditional lands of the Gadigal peoples. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.

Recent global energy shocks have exposed Australia's vulnerability to fuel supply disruptions and accelerated a trend that was already underway: energy is no longer just an operational issue. For many organisations, it has become a boardroom priority.

As Australia navigates the energy transition, directors are increasingly being asked to think beyond electricity bills and procurement contracts. Energy now intersects with strategy, resilience, risk management, decarbonisation and long-term value creation.

In this episode, Associate Professor Tim Nelson, Chair of the 2025 National Electricity Market Review, explains why boards need a deeper understanding of their organisation's energy profile. From electrification and distributed energy to AI-driven demand and the future of the electricity grid, Tim shares the questions directors should be asking and highlights the risks, opportunities and competitive advantages emerging from Australia's changing energy landscape.

We cover:

• (02:00) Why energy has become a board-level governance issue
• (10:00) How weather is changing Australia's energy risk profile
• (15:00) AI, data centres and whether concerns about energy demand are justified
• (22:00) What Australia's electricity system could look like by 2050
• (29:00) Why even small organisations can benefit from becoming energy producers
• (30:30) Four practical questions every director should ask about energy strategy

Learn more:

• AICD's upcoming Climate Governance Forum - https://www.aicd.com.au/events/climate-governance-forum.html
• AICD's primer on energy governance - https://www.aicd.com.au/risk-management/framework/climate/energy-governance-primer.html

Connect:

• Tim Nelson on LinkedIn - https://au.linkedin.com/in/timnelsonaustralia
• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/
• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/
• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode Director Download was produced on the traditional lands of the Gadigal and Wurundjeri peoples. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.

Interest rates may grab the headlines, but they're far from the only economic challenge facing boards today.

Geopolitical conflict, trade tensions, supply chain disruption, AI, the energy transition and slowing productivity are creating profound shifts in Australia's economy that will influence board decisions for years to come.

In this episode, AICD Chief Economist Mark Thirlwell explores the major structural forces driving today's economic environment and what they mean for board decisions on risk, resilience and long-term growth.

From the Reserve Bank's next interest rate decision to AI's economic impact and Australia's productivity challenge, Mark shares practical insights to help boards navigate an increasingly volatile world.

We cover:

• (01:20) What to expect from the Reserve Bank's next interest rate decision
• (04:30) Why supply shocks have become the new normal
• (10:00) Australia's biggest economic challenges beyond inflation
• (18:00) How boards should be thinking about the energy transition
• (27:00) How boards can balance resilience with growth in an increasingly uncertain world

Learn more:

• Subscribe to Mark's weekly economic newsletter - https://www.aicd.com.au/news-media/economic-weekly.html

Connect:

• Mark Thirlwell on LinkedIn - https://au.linkedin.com/in/mark-thirlwell
• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/
• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/
• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode Director Download was produced on the traditional lands of the Gadigal and Wurundjeri peoples. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.

The ASX Corporate Governance Principles are undergoing a significant review, with proposed changes aimed at simplifying requirements, strengthening trust and ensuring the framework remains fit for today's governance environment.

In this episode, Chair of the ASX Corporate Governance Advisory Group and former Reserve Bank Governor, Dr Philip Lowe, explains the thinking behind the proposed fifth edition of the ASX Corporate Governance Principles and Recommendations.

Philip discusses why the review aims to reduce unnecessary regulatory duplication while reinforcing the governance practices that matter most. He outlines the case for simpler, more principles-based governance, and explores key topics including board culture, diversity, skills, transparency and Australia's reputation as a trusted destination for investment.

He also shares his views on Australia's broader economic challenges, from productivity and investment to AI and living standards, and explains why strong governance remains essential to building trust, attracting capital and supporting long-term prosperity.

We cover:

• (03:00) The biggest proposed changes and the thinking behind them
• (05:30) Why board oversight of organisational culture has become a greater governance priority
• (11:00) The evolving approach to board diversity and skills
• (14:30 )Why the skills matrix requirement has been removed
• (16:00 )What happens during the consultation process and what comes next
• (24:00) Philip Lowe's concerns about Australia's productivity and living standards

Learn more:

• The AICD's update on the draft 5th edition of the ASX Corporate Governance Principles & Recommendations - https://www.aicd.com.au/good-governance/asx-corporate/corporate-governance-principles-5th-draft-edition.html
• The Governing Culture in a Complex World resource discussed in the conversation is also available to access: https://www.aicd.com.au/news-media/research-and-reports/culture-governance-principles.html

Connect:

• Dr Philip Lowe on LinkedIn - https://au.linkedin.com/in/philip-lowe-8179b01a2
• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/
• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/
• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode Director Download was produced on the traditional lands of the Gadigal people. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.

Directors are expected to make sound judgements on complex issues, often under significant pressure. But how often do boards consider whether directors themselves are in the best position to make those decisions?

In this episode, workplace wellbeing expert Dr Rebecca Chabot explains why director wellbeing is far more than a personal health issue, it's a governance issue. Drawing on neuroscience, Rebecca explores how chronic stress can impair judgement, decision-making and emotional regulation. She shares practical strategies to help directors think more clearly, recover effectively and perform at their best in the boardroom.

We cover:

• (01:30) Why wellbeing is fundamental to good governance and better decision-making
• 05:00) The difference between resilience and simply pushing through
• (06:30) The neuroscience behind stress, and how chronic stress changes the way directors think
• (08:40) The warning signs that stress is affecting judgement, memory and emotional regulation
• (11:30) The role of social connection and psychological safety in effective boardrooms
• (13:40) The everyday habits that support clearer thinking, including sleep, movement and recovery
• (24:20) What well-functioning boards do differently to create the conditions for better thinking and stronger governance

Learn more:

• Dr Rebecca Chabot's website - https://www.purewellnesstasmania.com

Connect:

• Dr Rebecca Chabot on LinkedIn - https://au.linkedin.com/in/rebecca-chabot-phd-maicd-47b689
• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/
• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/
• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode Director Download was produced on the traditional lands of the Gadigal and Wurundjeri peoples. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.

Organisational culture can be a powerful driver of performance, conduct and risk, yet it remains one of the most challenging governance responsibilities facing directors.

In this episode, we're joined by Dr Juliet Bourke, Adjunct Professor at UNSW and Chair of Ovarian Cancer Australia, and Sally Linwood, Corporate Governance Lead at the AICD and lead author of an important new guide, Governing Culture in a Complex World. Drawing on the guide's five principles for governing culture, they explore what effective oversight looks like in practice.

Together, they discuss why culture is a boardroom priority, how directors can develop a deeper understanding of what's happening across their organisation, the indicators boards should be paying attention to, and why human capital expertise deserves a stronger voice in today's boardrooms.

We cover:

• (03:10) Why organisational culture has become one of the board's most important governance priorities.
• (10:00) Why culture is so difficult to measure, and how boards can identify the "say-do gap".
• (11:20) Practical ways directors can gain a more accurate picture of organisational culture through site visits, stakeholder engagement and multiple data sources.
• (14:30) How board behaviour, leadership and "tone from the top" shape culture throughout an organisation.
• (19:30) What boards should do when culture has drifted off course.

Learn more:

• The AICD's guide on Governing Culture in a Complex World - https://www.aicd.com.au/news-media/research-and-reports/culture-governance-principles.html

Connect:

• Dr Juliet Bourke on Linkedin - https://au.linkedin.com/in/dr-juliet-bourke-gaicd-44a1824
• Sally Linwood on LinkedIn - https://au.linkedin.com/in/sally-linwood-61457448
• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/
• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/
• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode Director Download was produced on the traditional lands of the Gadigal and Wurundjeri peoples. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.

This year marks 20 years since the introduction of Reconciliation Action Plans (RAPs), alongside the 50th anniversary of NAIDOC Week.

Around 3,500 organisations now have RAPs, but meaningful reconciliation is about more than commitments on paper. It calls for leadership, accountability and sustained oversight from the board.

In this episode, Reconciliation Australia CEO Karen Mundine explores the board's role in turning commitment into impact. She discusses what distinguishes effective RAPs from box-ticking exercises, how directors can oversee progress and accountability, and why reconciliation remains a strategic governance issue. Karen also shares lessons from two decades of RAPs and outlines the leadership needed to drive meaningful change.

We cover:

• (05:00) What a Reconciliation Action Plan is, and why organisations choose to develop one.
• (06:10) The board's role in governing a successful RAP.
• (08:50) Practical steps for organisations developing their first RAP.
• (18:00) How directors can distinguish between activity and meaningful outcomes.
• (22:30) How smaller organisations can engage with First Nations people.

Learn more:

• Reconciliation Australia – www.reconciliation.org.au
• AICD guide on creating a great Reconciliation Action Plan - https://www.aicd.com.au/company-policies/reconciliation-action-plan/reconciliation-action-plan.html

Connect:

• Karen Mundine on LinkedIn - https://au.linkedin.com/in/karen-mundine-87412b61
• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/
• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/
• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode Director Download was produced on the traditional lands of the Gadigal and Wurundjeri peoples. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.

Artificial intelligence is rapidly moving from experimentation to organisation-wide adoption, creating both significant opportunities and new governance challenges.

As AI becomes embedded across business operations, boards are playing an increasingly important role in overseeing major technology investments, managing emerging risks, and supporting responsible and effective AI use.

In this episode, Professor Nicholas Davis, Co-Director of the UTS Human Technology Institute, shares what effective AI governance looks like in practice.

The conversation explores how boards can align AI initiatives with strategy, assess return on investment, and address the risks of "shadow AI" use by staff. It also examines the rise of agentic systems, the implications for oversight, and the level of AI literacy directors will need to govern with confidence.

We cover:

• (04:30) The core questions directors are now asking about AI
• (08:00) Why measuring the return on investment from AI initiatives is challenging
• (10:30) The level of AI literacy required at the board level
• (13:00) Understanding the hidden risks of shadow AI
• (21:30) How to govern AI agents and systems
• (27:40) The three questions every director should be asking management about AI today

Learn more:

• AICD & HTI's new AI Governance Guide - https://www.aicd.com.au/news-media/research-and-reports/a-directors-guide-to-ai-governance

Connect:

• Nicholas Davis on LinkedIn - https://au.linkedin.com/in/nicholasjdavis
• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/
• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/
• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode of Director Download was produced on the traditional lands of the Gadigal people. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.

We'd like to introduce you to another podcast offering from the AICD - Boards with Purpose.

Every episode features CEOs, founders, executives and non-executive directors in conversation with Phil Butler, the AICD's NFP Sector Lead. They share their purpose-driven governance insights and experiences to guide, inspire, and inform those working within or alongside the NFP sector.

Tune in every month to be inspired, strengthen your governance impact, and stay connected to the leaders shaping Australia's not-for-profit community. You can listen by searching 'Boards with Purpose' in your podcast player or by clicking the below link:

https://www.aicd.com.au/tools-and-resources/podcasts/boards-with-purpose.html

Effective governance relies on more than just technical expertise. The culture within the boardroom itself shapes how directors challenge assumptions, navigate conflict, and make decisions under pressure.

In this episode, global board adviser and author Joy Harcup explores the dynamics that shape board effectiveness. Drawing on her work with chairs, CEOs and directors, she explains how pressure influences behaviour in the boardroom, why constructive conflict is essential for good governance, and what separates high-performing boards from those that avoid having honest conversations.

You'll gain practical insights on how to strengthen board relationships and address unproductive dynamics or tendencies towards excessive harmony around the board table.

We cover:

• (03:30) The common dynamics preventing board effectiveness

• (09:30) Why challenge can be constructive

• (12:30) How to navigate complex and unproductive dynamics

• (18:30) The risks of complacency and excessive harmony

Learn more:

• AICD's new-principles-based guide on culture: Governing Culture in a Complex World - https://www.aicd.com.au/news-media/research-and-reports/culture-governance-principles.html

• Joy's book 'The Art & Psychology of Board Relationships' - https://l1nq.com/ml5gc19

Connect:

• Joy Harcup on LinkedIn - https://uk.linkedin.com/in/joy-harcup-9392352

• AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/

• Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/

• Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/

This episode Director Download was produced on the traditional lands of the Gadigal people. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.