The 'Governance in the Charity and Not-For-Profit Sector in Ireland' report details the findings of research carried out with 229 IoD members with boardroom experience in the charity and not-for profit sector in Ireland in January 2014.
The aim of the research was to gauge the views of those involved in the sector and to measure their opinions on governance standards and board operations.
Key results:
- Governance levels in not-for-profit sector rated ‘average’ or ‘poor’ by board members
- Board members want mandatory code of governance to be introduced
- Formal and transparent process of appointment to boards is needed
- Organisations in receipt of State funding not adequately monitored
- External benchmarking should be used to set CEO salary levels
- Establishment of Charities Regulatory Authority will help to restore public confidence
- Public disclosure of accounts, board training and rotation of board members, all cited as ways to improve governance standards in not-for-profit sector
