New Code for Sports Governance launches for organisations seeking funding
A new set of gold standards of governance which must be met by organisations seeking public funding for sport and physical activity has been published.
The 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.
It 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.
Leading the world
“It is vital that our domestic sports bodies and organisations uphold the very highest standards of governance and lead the world in this area,” says Sports Minister Tracey Crouch.
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.
“I welcome the government’s drive to improve standards across the sport and physical activity sector and see the new code as a significant step towards the UK becoming a world-leader in this field,” says Sport England chair Nick Bitel.
UK Sport chair Rod Carr says: “UK Sport has been at the heart of shaping this pioneering new governance code as we know better skilled and better balanced boards make better decisions.
“At UK Sport we believe that good governance is instrumental in creating the right conditions for sporting success.”