London, 28 September 2020 – ICSA: The Chartered Governance Institute has today published a white paper looking at ‘The virtuous circle of good charity governance’. Compiled by Louise Thomson, Head of Policy (Not for Profit) at the Institute, the paper considers what governance is and how it works in relation to the charity sector, including linking good governance to organisational performance.
Louise explains the reasons for producing the paper:
“For those not familiar with governance, the benefits of adhering to good governance can be hard to see and articulate. The benefits tend to be framed in the context of preventing scandals, abuse or mismanagement, rather than promoting the value it adds in enabling an organisation to achieve its aims,
effectively and efficiently. Charities have to meet certain standards to ensure clients and communities are safe, that they are treated professionally and that resources are spent properly. Good governance enables charities to do this by creating an effective decision-making environment in which trustees can establish a clear purpose and strategic intent and make sure that risks are managed appropriately to ensure the long-term future of a charity.
“This paper seeks to meet the challenge of those sceptical about the real benefits of good governance and provide those new to governance in the charity sector with a better understanding of the 'virtuous circle of good charity governance' and how it can enable a charity to achieve its goals.”
The virtuous circle of good charity governance is as shown below.
A diagnostic tool for measuring good governance is also included in the white paper. The paper can be downloaded for free at www.icsa.org.uk/virtuouscircle.
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Notes to Editors: