ICSA: The Chartered Governance Institute has today welcomed the benevolent approach to charity trustees that today’s Kids Company verdict has upheld, whilst recognising that the 221-page verdict contains important lessons for all those involved in the governance of charities. Overall, the judgement underscores the importance of good governance: of effective oversight, training, assurance and risk management, all of which is best supported by a governance professional.

Some 80% of respondents to a poll out today from The Chartered Governance Institute and governance recruitment specialist The Core Partnership have confidence in the way their board is handling the current coronavirus pandemic. Just 2% have little confidence in the way their board is responding to the crisis.

ICSA: The Chartered Governance Institute is pleased to announce that Victoria Penrice, a chartered governance professional with over thirty years of governance expertise, has been selected to be its new President, effective 1 August 2020.

According to a poll by ICSA: The Chartered Governance Institute and governance recruitment specialist The Core Partnership, the majority of companies are prepared for the UK to leave Europe with no trade deal in place. Some 71% of respondents, the majority of which hail from finance, commerce and industry, said that they are very prepared for a no trade deal scenario. Just 9% are not at all prepared and an additional 20% were unsure of how prepared their organisation was at the time the poll was carried out.

The Charities Statement of Recommended Practice (SORP) convenor responsible for gathering the views of trustees on the charity accounting framework has today begun work with trustees to gain an insight into their understanding of the framework. Trustees in England, Wales, Scotland, Northern Ireland and the Republic of Ireland are being asked to complete a questionnaire which will help to clarify their position.

Paul McCullagh, Company Secretary at Dublin-based Barclays Europe has been named Company Secretary of the Year by ICSA: The Chartered Governance Institute at the Institute’s 2020 Awards. Paul was recognised for his drive and commitment to ensure Barclays Europe is at the forefront of best practice corporate governance, something which has earned him the respect and confidence of the Board.

The FCA introduces a proposed framework that sets out minimum standards for diversity and inclusion (D&I) and helps firms better understand what the FCA expects regarding D&I.

CGIUKI has welcomed the FRC’s new Corporate Governance Code but cautioned that governance and regulatory reform remains incomplete.

As a result of the decision to prioritise its role as a standard setter and registration body, CGIUKI is no longer providing board performance reviews through its in-house board evaluation service, CGI Board Evaluation.