04 November 2016
On 27 October, a revised version of the Governance Code for the Community, Voluntary and Charitable Organisations was published following a year-long review. Principles-based and adopted on a “comply-or-explain” basis, the Code comprises a set of recommended practices for community, voluntary and charity boards.
Developed by a group of organisations representing the community, voluntary and charity sector in Ireland, over 1,200 organisations have signed up since the Code was first published in 2012, with 300 listed on the Code’s register as fully compliant and a further 900 registered as ‘on the journey’ to compliance.
In late 2015 the Governance Code Working Group (GCWG) undertook a review of the Code to determine if it could be improved. After a widespread consultation, the Code was reissued with its original principles and practices intact, although changes have been made to the adoption processes. The primary finding from the review was that stakeholders needed to be empowered to hold boards declaring adoption of and compliance with the Code to account and so Code Stewardship Guidelines have been issued which are designed to empower members, dependents, donors, funders, etc to hold boards to account.
The main points raised by the review are as follows:
Details of the revised Code can be found at www.governancecode.ie