Good governance in charity organisations is vital to their ability to be successful and ultimately make a real difference in the area of support they offer.
Having suitable and effective governance and leadership structures will have a positive impact on the charity achieving its aim and ambitions. This includes having capable trustees with the required skills to help their charity attract resources and put them to the best use possible. Good governance also supports delivery of a charity’s obligations in the area of compliance, staying up to date with relevant legislation and regulations.
To support organisations in the charity sector, Griffiths & Armour has launched a Charity Governance Audit service to assess current standards of governance within individual charities. The audit is based on the Charity Governance Code and covers the following areas:
Decision-making, Risk and Control
Equality, Diversity and Inclusion
Openness and Accountability
Simon Stafford, Risk Management Associate Director at Griffiths & Armour commented;
Many sectors have found the pandemic a huge challenge and the Third Sector is certainly no exception to this. Aside from the operational challenges, the financial impacts of the pandemic on organisations in the charity sector has meant the focus on maintaining appropriate standards of governance has become ever more important. The potential reputational damage of poor governance could be devastating and, if not managed in an appropriate manner, could threaten an organisation’s future income and even its long-term viability.
The audit report provides a risk rating for each of these areas, along with prioritised recommendations for improvement. If you are a charitable organisation or are involved in helping to run a charity as a trustee or volunteer, our Risk Management team is ready to assist you or to explain how this new service can help you and your charitable organisation.
Please get in touch by sending your enquiry directly to Simon Stafford (below) or with your usual point of contact at Griffiths & Armour.
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