Financial governance: a gentle guide for the non-financial charity trustee
Product Code: PUB-FIN-GOV, Publication Date: Tuesday 9 May 2017
As a CEO, you want your trustees to be able to provide oversight of your charity's operations in an effective and efficient way. When it comes to finances, you need trustees to be asking the right questions of you: questions which enable them to fulfil their responsibilities while allowing you to deliver yours.
This guide by Dorothy Dalton is designed as a first introduction to charity finances, aimed at trustees who haven’t had experience of this area before.
By giving it to new or less experienced trustees and even experienced trustees who lack confidence when it comes to financial governance, you can steer them towards the areas where they should have informed oversight, and give them the confidence to know they’re asking the right questions to meet their duties.
Having well briefed and well informed trustees is not only good for you as the CEO, it’s good for the whole charity. By including this guide in trustee inductions, circulating it before you begin to set a budget or encouraging trustees to read it before they discuss your annual accounts, you can help ensure they’re doing their job as well as they can.