New set of GOLD Standards launched by Sport England
Sport England has just launched a new set of gold standards of governance, which must be met by organisations seeking public funding for sport and physical activity. 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.
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.