The new Charity Governance Code – Essential reading for all trustees
Tue 8 Aug 2017
Are you a Trustee, or are you considering becoming a Trustee? Read on.
It’s vital that charities get their heads around governance and the legal responsibilities of its Trustees. Following good governance practices, not just paying lip service but really understanding and applying them could have averted many of the bad headlines of the last two years. It’s more than ticking the boxes. It’s about attitudes and culture, whether a charity puts its values into practice. It’s about how trustees make decisions and how well they understand what’s going on.
The code starts with a ‘foundation principle’; it should be a ‘given’ that all trustees understand their legal duties (as explained in The Essential Trustee) and are committed to their cause and good governance.
It then develops seven principles – leadership; integrity; decision making, risk and control; board effectiveness; diversity; openness and accountability; all underpinning organisational purpose.
Good governance is no longer an optional extra. It’s essential to charities’ effectiveness and probably their survival too. Charities need to be able to demonstrate that they take it seriously, allowing it to change the way they operate.
The Charity Governance Code represents a standard of good governance practice to which all charities should aspire.
Follow this link to Read the Charity Governance Code