Not for love of money, but of Humanity. "Greater is he who works for the good of all, then he who works for the good of himself only" ~ Matthew 25:40: "The King will reply, 'I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'"- (NIV). I live in Singapore where the Emperor must not be disturbed.
Tuesday, April 6, 2010
CODE OF GOVERNANCE- For Charities & Institutions of a Public Character (IPCs)
For Charities & Institutions of a Public Character (IPCs)
Issued by: The Charity Council- 26 November 2007
Why a Code of Governance?
As community organisations working for public benefit, charities are accountable to the public. Good governance is becoming an increasingly important criterion in assessing whether to donate or volunteer their services to a charity. This Code of Governance will therefore help members of the public understand the hallmarks of good governance and also help charities prepare themselves to cater to an increasingly discerning public.
Governance in the charity sector refers to the systems and processes concerned with ensuring the overall direction, effectiveness, supervision and accountability of an organisation. This is done through improving organisational effectiveness to maintain accountability and public trust. The Board has the responsibility to ensure good governance and management for the effective performance and operation of their charity.
This Code sets out principles and best practices in key areas of governance and management that charities are encouraged to adopt.
MEDIA RELEASE (11Mar2010)
REFINEMENT OF THE CODE OF GOVERNANCE
FOR CHARITIES AND INSTITUTIONS OF A PUBLIC CHARACTER
1. The Charity Council will embark on an exercise to refine the Code of Governance for Charities and Institutions of a Public Character (IPCs), which was first introduced in November 2007.
2. The Charity Council convened a Sub-Committee to oversee this exercise. It has also invited 33 representatives from various charities and IPCs, grantmakers, professional bodies, academics and auditors to form three workgroups to refine the various sections of the Code, as well as to develop guides and templates for use by charities. The Council aims to complete the exercise and publish the refined Code by the end of this year. The exercise will be conducted based on the following four key principles:
The Charities Act (Chapter 37)
This article has also been posted in interest of discussion to the following forums/ threads
6April2010 (Re: CHC $300million Suntec investment thread got trashed? ) (thread deleted by admin)
6April2010 (Megachurches' tax status bears scrutiny !!! - )
ST discussion board:
6April2010 (Megachurches 'forced' to go commercial )
6April2010 (Confidentiality and investments )