Asked by: Martin Horwood (Liberal Democrat - Cheltenham)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, what steps he is taking to encourage charities to become signatories to the Financial Reporting Council's UK Stewardship Code.
Answered by Nick Hurd
The Financial Reporting Council's Stewardship Code does not direct itself to matters particular to charities such as their responsibilities under charity law and their focus on beneficiaries. ‘Good Governance – a Code for the Voluntary and Community Sector' developed by a coalition of charity and voluntary sector bodies is a code designed for charities and the voluntary sector. This Code has the support of the Charity Commission which encourages its adoption through publications and signposting on its website.
Asked by: Martin Horwood (Liberal Democrat - Cheltenham)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, what steps he is taking to incentivise charities to manage their assets in a manner compliant with the Financial Reporting Council's UK Stewardship Code.
Answered by Nick Hurd
The Financial Reporting Council's Stewardship Code does not direct itself to matters particular to charities such as their responsibilities under charity law and their focus on beneficiaries. ‘Good Governance – a Code for the Voluntary and Community Sector' developed by a coalition of charity and voluntary sector bodies is a code designed for charities and the voluntary sector. This Code has the support of the Charity Commission which encourages its adoption through publications and signposting on its website.