Charities Governance Code
In November 2018 the Charities Regulator launched the Charities Governance Code, which sets the minimum standards, which everyone on the board of a registered charity, should ensure their charity meets in order to effectively manage and control their organisations.
The Charities Governance Code consists of six principles of governance. These are:
- Advancing charitable purpose
- Behaving with integrity
- Leading people
- Exercising control
- Working effectively
- Being accountable and transparent
The six principles are linked to the legal duties of charity trustees. The Code specifically aims to help charity trustees to put good governance systems and processes in place which will assist them in meeting their legal duties under charity law.
Good governance minimises the risk of fraud and other damaging practices – ensuring a charity is managed in a professional, transparent, and accountable way. This also serves to give confidence to funders and donors.
Charities are expected to comply with the code in 2020. From 2021 charities will be expected to report on their compliance with the Code.
In 2020, ActionAid Ireland undertook a review of its compliance with the Charities Governance Code.
In July 2020, the ActionAid Ireland Board approved its compliance with the Charities Governance Code. This code supersedes existing voluntary standards.