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Subscribe to LegalVision's YouTube channel: / @legalvisionlaw Sign up for our business newsletter to receive updates on our upcoming webinars and legal news: https://lglv.sn/newsletter-signup If you are establishing an NDIS business or sit on its board for an NDIS business, it is essential that you understand your board’s corporate governance responsibilities. Otherwise, you could risk damaging your business. To ensure your board is meeting its legal requirements, Joel George (Practice Leader) and Stephanie Mee (Lawyer) discuss: the regulatory considerations for setting up or purchasing an NDIS business; how board and governance processes should look before setting up or purchasing; impact of board and governance responsibilities on registering with the NDIS; NDIS director responsibilities in general; and the risks of the board failing its responsibilities, including insolvency, penalties, and reputational backlash. About Joel George Joel is a Practice Leader at LegalVision’s Corporate team. Joel has demonstrated a strong focus on corporate and commercial legal work, such as corporate governance, mergers and acquisitions, commercial contracts, strategic partnerships, loans and financial regulation. About Stephanie Mee Stephanie is a Lawyer in LegalVision’s Corporate and Commercial team. She specialises in commercial contracts and business structuring to assist clients in achieving their ambitions with their startups and SMEs. Visit legalvision.com.au or call 1300 544 755 to contact our team. 00:00 Intro 02:00 Introductory Comments 03:08 Regulatory Considerations 09:43 Impact of Board and Governance on NDIS Registration 14:39 Directors’ Duties 19:31 Directors’ Responsibilities 23:08 Consequences of Non-Compliance 27:11 Concluding Remarks 30:23 Q&A ------------- STAY CONNECTED WITH US ------------ To access more legal information videos to help you run your business, subscribe to our channel: / @legalvisionlaw AU WEBSITE ➡ https://legalvision.com.au NZ WEBSITE ➡ https://legalvision.co.nz UK WEBSITE ➡ https://legalvision.co.uk TWITTER ➡ / legalvision_law FACEBOOK ➡ / legalvision LINKEDIN ➡ / legalvision-group INSTAGRAM ➡ / legalvision_law TIKTOK ➡ / legalvision.law Request a consultation by visiting our website or emailing us at reply@legalvision.com.au The information provided in this video is for general informational purposes only and does not constitute legal advice. While we aim to provide accurate and up-to-date content, laws and regulations may vary, and the information may not apply to your specific circumstances. We encourage you to contact us for a free consultation so we can provide advice specific to your circumstances.