Ensure that the organisation creates and reviews procedures for managing risk, finances, staff, etc...
Governing bodies must ensure the organisation has policies and procedures in place to operate in a responsible and accountable manner.
This means that members of the governing body should:
- Ensure that the organisation has a clear and lawful structure for its governance and management; that it is run responsibly and according to the governing document; and that it complies with all the relevant laws and requirements of regulatory bodies
- Ensure that the organisation creates and reviews procedures for managing risk, finances, staff, etc.
- Ensure that the organisation invites scrutiny by, and accounts accurately to, funders, regulators, members and other stakeholders, for both its activities and its financial affairs.