Changing strategic direction for Not For Profits | NFPs with Dan Carroll

Changing strategic direction for Not For Profits | NFPs with Dan Carroll

Episode 9 - Shownotes

In this episode of YS Up Governance and Boards Podcast, 3YS Owls Governance Consultants, Ainslie Cunningham and Deb Anderson interview Dan Carroll and explore Dan’s role as State Council Member for Vinnies here in Queensland and the impact of COVID-19 on Vinnies operations, the 2020 CEO sleepout, homelessness, virtual board meetings, strategy for not-for-profits, equity markets and the impact of COVID-19 on cashflow and investments. Dan also discussed how the schools that he sits on committees of have adapted.

When you take a family out of an existing situation and put them in a brand new place, the kids are probably the least looked at, and yet they're the most vulnerable. They go to a brand new school. They don't know anyone there. They don't have the appropriate school uniforms and they're behind the eight ball right from day one. So, Vinnies, in fact has a fairly significant education fund. We will provide uniforms, clothes, books and whatever kids need to better assimilate in those situations from day one.

Dan Carroll

Summary of episode
  • St Vincent de Paul (Vinnies)
  • Charites and Not for Profits (NFP’s)
  • CEO Sleepout
  • Homelessness
  • Strategy
  • Impact of COVID-19 on the closure of Vinnies stores and the supply of donations and impact on cashflow
  • Volunteering
  • Role as a director on Board’s during a pandemic
  • Virtual board meetings
  • Recession and unemployment
  • Equity markets
  • Stakeholder communication
About Dan Carroll

Dan is a Chartered Accountant with over 30 years’ experience. Prior to retiring some five years ago, he was a partner in Grant Thornton's assurance division in Brisbane. His role required him to demonstrate excellent business development, client service, technical and interpersonal skills. His business development activities at Grant Thornton focused on medium to large sized private and public companies. Services provided to his clients included statutory, audit and review opinions, review reports, agreed upon procedures reports and financial due diligence.

He has developed significant expertise in a wide range of industries, including property and construction, heavy engineering, manufacturing, mining and resources, freight and logistics, agriculture, meat, cotton, and sugar, and service industries.

During his career he was often asked to provide advice on the application of IFRS Accounting Standards and presented many accounting and auditing standard technical update sessions, for and on behalf of both the AICA and CPA in Australia.

His position at Grant Thornton provided him with a wide exposure to all elements of professional practice management including managing people, divisional production and divisional budgeting reporting.

Since retiring, to spend more time with his family, Dan has taken on several non-executive Board roles. The most significant of these is that he is current State Treasurer and State Council Member for Vinnies here in Queensland. An organization which currently has a turnover of $300 million per annum and net assets exceeding $400 million.

There he Chairs the Finance and Risk Committee and also is a member of the Property Committee. Dan is a member of the Finance and Investment Committees for two independent schools in Brisbane, namely, Somerville House and Villanova College. He is also a non-executive director on a number of private company groups.

In his free time, Dan loves to travel with his family and has two trips now deferred due to the Coronavirus, reading, drinking fine red wine and watching live sport.

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3YS Owls are a corporate governance firm and incorporated legal practice who specialise in providing a variety of services and solutions across corporate governance, board advisory, strategy, risk and business consulting. Contact the team today to see how we can help you.

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