The Code of Good Governance Steering Group has developed a draft new Governance Code.
The draft Code proposes higher standards in a number of areas, including:
- increased expectation in relation to aspects of board composition, dynamics and behaviours with
explicit good practice recommendations about board size, frequency of board performance reviews and trustees’ terms of office - a new emphasis on the chair’s role in promoting good governance
- emphasis on board diversity, supporting leadership and decision-making with a recommendation that larger charities publish an annual statement of
the steps they have taken to address the board’s diversity - a presumption that charities should be open in their work, including a public register of trustees’ interests, unless there is good reason not to
- a recommendation that charities use their annual report to say how they apply the code and an explanation of any aspects which they do differently.
The CCEW has published their response to the consultation on this draft new code.
We will update you on the conclusions from the consultation. The Charity Commission’s response is available here.
A new Code for Sports Governance has also been launched by UK Sport and Sport England which sets out the levels of transparency, accountability and financial integrity that will be required from any organisation seeking funding from Sport England or UK Sport.
This article features in our Charity Newsletter Spring 2017. To see the full version please click here.
If you would like to find out more about any of the topics covered in our Charity Newsletter and how we at Robinson Reed Layton can assist, please contact our Charities Partner, Mark Williams, on 01872 276116 or mark.williams@rrlcornwall.co.uk. You can signup to receive our Charity Newsletter here.
This publication has been prepared by Robinson Reed Layton. It is to be treated as a general guide only and is not intended to be a comprehensive statement of the law or represent specific advice. No liability is accepted for the opinions it contains, or for any errors or omissions. All rights reserved.
Updated 24 April 2017