New Charity Governance Code recommends more oversight of third parties & regular reviews

first_img About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. More oversight when dealing with third party suppliers or services, yearly internal reviews, three-yearly external reviews for larger charities, and a limit on how long trustees may serve are among the recommendations made in the new Charity Governance Code, published this week (13th July).The Charity Governance Code is an updated version of the previous Code of Good Governance and also has a new website. It has been developed by a cross-sector steering group headed by independent chair Rosie Chapman and comprising the Association of Chairs, ACEVO, ICSA, The Governance Institute, NCVO, the Small Charities Coalition, and the Wales Council for Voluntary Action. The Barrow Cadbury Trust and the Clothworkers Foundation funded their work in devising the Code.The Charity Commission has endorsed the new Code by withdrawing its publication, Hallmarks of an Effective Charity, as well as in a blog on its site by Sarah Atkinson, the commission’s director of policy and communications.The guidelines come in two versions with the same common principles and outcomes but one set of recommended practice for smaller charities and another for larger organisations where accounts are audited.Key recommendations include:More oversight when dealing with subsidiary companies; registers of interests and third parties such as fundraising agencies or commercial venturesWhere a charity uses third party suppliers or services – for example for fundraising, or data management, boards must ensure the work is in the charity’s interests and must regularly review agreementsAn expectation that the board will review its own performance and that of individual trustees, including the chair, every year, with an external evaluation for larger organisations every three yearsBoards should regularly review the sustainability of income sources and business models and their impact on achieving charitable purposesBoards should regularly check charities’ key policies and procedures to ensure make sure that they still support, and are adequate for, the delivery of their aims, including key areas such as fundraising and data protectionNo trustee should serve more than nine years without good reason.Stronger emphasis on the role of the chair and vice chair in supporting and achieving good governanceSir Stuart Etherington, chief executive of NCVO, said:‘This new code represents a significant contribution to strengthening governance throughout the sector. I’m particularly pleased that is has been written by the sector, for the sector.‘There is a clear consensus within the sector that we must focus more on governance. With this in mind, I envisage that we will soon see a commitment to following the Charity Governance Code become a requirement from many funders. Taking action now is a way of getting ahead of the game.” Advertisement Tagged with: governance Melanie May | 14 July 2017 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16center_img John Barrett, chief executive of the Small Charities Coalition, also commented:“We welcome this update of the Charities Governance Code – and the work that has gone into it to make it simpler, more proportional and supportive for small charities.“The code sets the aspirations for good governance, and in applying it, small charities should take a proportional approach and remember application of the code is about continuous improvement, not perfection.”  77 total views,  1 views today  78 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16 New Charity Governance Code recommends more oversight of third parties & regular reviewslast_img read more

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Consumer Confidence Takes Downward Turn in November

first_img The Best Markets For Residential Property Investors 2 days ago November 28, 2014 1,421 Views Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Previous: Freddie Mac’s Growth Rate Hits 20-Month High Next: Income, Inventory Increases Lift October Home Sales Demand Propels Home Prices Upward 2 days ago Share Save Tagged with: Conference Board Consumer Confidence Consumer Spending GDP Conference Board Consumer Confidence Consumer Spending GDP 2014-11-28 Tory Barringer About Author: Tory Barringer The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Related Articles Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Consumer confidence retreated this month, falling from a seven-year high on a gloomier outlook for what the future will bring.The Conference Board’s index of consumer confidence declined to 88.7 in the group’s November reading, according to a report. The drop follows a bump of more than five points in October to a post-recession high of 94.5 (revised to 94.1 in the latest measure).”Consumer confidence retreated in November, primarily due to reduced optimism in the short-term outlook,” said Lynn Franco, director of economic indicators at the Conference Board.The index’s component gauging consumer expectations fell nearly seven points this month, decreasing to 87 after a spike in October.According to the Conference Board, consumers in the latest survey were less optimistic about the labor market outlook, reflected in a decline in the share of respondents expecting more jobs in the next six months and an increase of more than 2 percentage points in the share expecting fewer jobs.Americans were also slightly more pessimistic about income growth, with fewer expecting higher wages in the coming months.Meanwhile, the index’s present situation component saw a more moderate decline, falling three points to 91.3.News of the decline in the headline index came on the same day of the Commerce Department’s most recent estimate on economic growth. According to the government’s figures, gross domestic product grew through the third quarter at an annual rate of 3.9 percent, helped partly by an increase in consumer spending.Based on that, analysts for Wells Fargo’s Economics Group say the drop in confidence is nothing to worry about.”[T]his morning’s revision to third quarter GDP indicated a stronger pace of real consumer spending and October’s retail sales report indicated that spending was off to a good start in the fourth quarter,” Wells Fargo economists Mark Vitner and Michael Brown said in a note. “That is hardly the data you would expect if consumers were growing more concerned.”  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Consumer Confidence Takes Downward Turn in November Data Provider Black Knight to Acquire Top of Mind 2 days ago Consumer Confidence Takes Downward Turn in November The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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Why we signed Aruna Quadri – German Club

first_imgRelatedPosts Club’s server collapses over ticket demand for first Bundesliga game in 11 years Awoniyi joins Union Berlin on loan Minister gives condition for resumption of contact sports The management of German Club, TTC RhönSprudel Maberzell Fulda, has said they signed up Aruna Quadri following his exploits across the globe, particularly with his performance against German sports hero, Timo Boll, at the Rio 2016 Olympic Games in Brazil. In a related development on Tuesday, the Minister of Youth and Sports Development, Sunday Dare, has hailed Quadri’s movement to Germany. “We celebrate Aruna Quadri, Africa’s number one tennis player on the signing with German Bundesliga Table Tennis league from next season. We congratulate him. All the Way,” declared Dare on his Twitter handle. Writing on its website on Wednesday after the unveiling of the Nigerian, the club said: “When looking for a suitable candidate to compensate for the departure of service provider Croatia’s Tomislav Pucar, the TTC has now found what it is looking for: Quadri Aruna (born August 9, 1988 in Oyo, Nigeria) will strengthen the TTC from next season!. “The 31-year-old Nigerian has repeatedly caused a sensation in the table tennis world in recent years that at the 2016 Olympic Games, he threw the world rankings seventh Chuang Chih-Yuan and Timo Boll out of the competition. Last year he beat top Japanese player Jun Mizutani at the Bulgarian Open. Aruna Quadri, who is currently playing for the Portuguese first division club “Sporting Lisbon”, also knows the Bundesliga players well. “He recently won against top Bundesliga players Kirill Gerassimenko (Bremen), Ricardo Walther (Düsseldorf) and Darko Jorgic (Saarbrücken) and scored in 2018 twice in the Champions League match against Borussia Düsseldorf. In future, the TTC will be ideally equipped to survive in the Bundesliga.” With an option of extending the contract, the club said: “Aruna Quadri receives a one-year contract with an option for the TTC to add another year. Incidentally, Aruna’s most important sporting goal is this year’s Olympic Games in Tokyo.” Quadri will team up with German international, Ruwen Filus, who is one of the best defender in the world, as the German has extended his contract by two years with the Central Germany-based club.Tags: aruna quadriBundesligaSunday DareTomislav PucarTTC RhonSprudel Maberzell Fuldalast_img read more

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