Good governance means that decisions are consistent with the relevant governing document of your institution. The governing document defines the objectives, the area you serve, powers, rules and procedures of your institution.
There are a number of different types of governing documents, including a Constitution for an association, a trust deed, articles of association and a Memorandum of association.
The governing document should contain the following information:
- The institution’s mission statement or value statement
- Who is involved in the strategic oversight of the charity
- What happens if changes to the administrative provisions or purposes need to be made
- What happens if the charity wishes to close
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