The need for additional transparency is becoming increasingly evident. Transparency, whilst linked to Governance is a separate function. An organisation could have exemplary governance, but if that isn’t transparent it undermines the credibility of the charity.
This is especially true at present when public confidence needs to be rebuilt in the charity sector. Therefore rather than relying on current company law to present governance information to the public, it is important that key information about the organisation is presented through the website.
Boardmatch is therefore promoting the Governance Transparency Scale, which ranks the level of transparency, as in the level of corporate information that is placed on the organisations website.
This is the top award and it would mean that the charity and the website discloses all the relevant information regarding the governance and finances of the organisation.
Compliance with this standard is especially important for organisations who have classified themselves as a B or C within the Governance Code Structure.
This is an acceptable level of disclosure.
This is a very minimal standard and efforts should be taken as a matter of urgency to improve the level of disclosure on the website.
This is an unacceptable level of public disclosure.
Boards and Senior Staff should as part of their on-going governance review look at what level of disclosure the organisation currently administers. Use the checklist to determine at what level you are at and then take incremental measures to achieve the A standard.
If you need any clarification or support please don’t hesitate to contact us.
This Transparency Scale is a new addition to the sector and Boardmatch will review it in light of developments within the sector and external drivers that may impact or require change.