Survey identifies gaps in charities' disclosure and governance practices
A survey has concluded that charities in Singapore must raise the bar in governance and leadership in their endeavour to rause funds.
The survey commisioned by the Centre for Non-Profit Leadership, says they must practise timely board renewal, review the size of their boards and their board composition.
This is to ensure diversity in the age, gender, ethnicity, educational background and work experiences of their board members.
The survey highlights gaps in disclosure and governance practices among 577 charities here.
Almost three-quarters (70.9%) disclosed the names of their board members and slightly over half (56.3%) disclosed the gender of their board members.
But only six charities shared the age of their board members, and eight disclosed attendance at board meetings.
Such information is available via websites and annual reports.
The survey also revealed that charities tend to rely on personal contacts when sourcing for board members.
Almost all (92%) of charities were found to recruit board members through internal recommendations.
The survey was targeted at Institutions of Public Character, and the larger charitable groups in the arts and heritage, community, education, health, religious, sports, social and welfare fields.
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