Good Governance
The trustees have adopted the 5 principles of good governance at their inaugural meeting of the CIO on 22nd June 2021.
These principles have been extracted from "A Code for Sport Governance".
The 5 principles are:
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Structure
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People
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Communication
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Standards and Conduct
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Policies and Processes
1. Structure
Organisations shall have a clear and appropriate governance structure, led by a Board which is collectively responsible for the long-term success of the organisation and exclusively vested with the power to lead it. The Board shall be properly constituted, and shall operate effectively.
2. People
Organisations shall recruit and engage people with appropriate diversity, independence, skills, experience and knowledge to take effective decisions that further the organisation’s goals.
3. Communication
Organisations shall be transparent and accountable, engaging effectively with stakeholders and nurturing internal democracy.
4. Standards and Conduct
Organisations shall uphold high standards of integrity, and engage in regular and effective evaluation to drive continuous improvement.
5. Policies and Processes
Organisations shall comply with all applicable laws and regulations, undertake responsible financial strategic planning, and have appropriate controls and risk management procedures.
