Catalyst Board of Trustees have adopted the new Charity Governance Code. As part of the adoption process the trustees have been assessing Trustee Board and the charity against all of the 75 good practice components that make up the full Code.
Trustee Warren Rockett said “Catalyst has high standards where governance is concerned. But we are not complacent and we welcome this new Code against which we have already started to benchmark ourselves. In all the critical areas the charity and its Board already substantially meet the requirements of the Code.”
The Code is not a legal or regulatory requirement but it sets down seven principles and the recommended practices for good governance. Catalyst will publish in its annual report an update on how we have used the Code to ensure we deliver good governance.
The 7 principles in the Code are:
- Organisational – ensuring the charity’s aims are being delivered effectively and sustainably
- Leadership – is strategic, effective and in line with the charity’s aims and values
- Integrity – adopting values and creating a culture that inspires public confidence and trust in the charity
- Decision-making, risk and control systems and processes are in place and are monitored
- Board effectiveness is demonstrated by using the appropriate balance of skills, experience, backgrounds and knowledge to make informed decisions
- Diversity in its widest sense – the Board’s approach supports its effectiveness, leadership and decision-making
- Openness and accountability – the Board leads the organisation in being transparent and accountable
The full Code can be downloaded at: https://www.charitygovernancecode.org/en/pdf