Category: Industry News, UK Athletics, organisation, transparancy, code for sport governance, public fund, physical activity
Code for Sport Governance
Organisations seeking public funding for sport and physical activity must meet new standards of governance considered to be among the most advanced in the world.
A new Code for Sports Governance sets out the levels of transparency, accountability and financial integrity that will be required from those who ask for Government and National Lottery funding from April 2017.
The Code has three tiers and will apply to any organisation seeking funding from Sport England or UK Sport, regardless of size and sector, including national governing bodies of sport, clubs, charities and local authorities.
The Code is proportionate, expecting the highest standards of good governance from organisations requesting the largest public investments, including:
Increased skills and diversity in decision making, with a target of at least 30 per cent gender diversity on boards
Greater transparency, for example publishing more information on the structure, strategy and financial position of the organisation.
Constitutional arrangements that give boards the prime role in decision making.
The Government announced that a new governance code would be developed in its Sporting Future strategy, published in December 2015.
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