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Dublin: 10 °C Tuesday 18 June, 2019
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Majority of CEOs think State-funded bodies aren't monitored enough

Two-thirds of those surveyed believe that organisations in receipt of State funding are not adequately monitored or held to account.

A SURVEY OF of board members and chief executives involved in the not-for-profit sector finds that 42 per cent believe that publishing salaries of CEOs will improve governance standards.

An Institute of Directors’ (IOD) research report released today – Governance in the Charity and Not-For-Profit Sector in Ireland – also finds that 83 per cent believe that a mandatory code of governance for charity and not-for-profit organisations should be introduced.

Transparency

However, 74 per cent think that there should be a public disclosure of accounts, while 61 per cent state there should be greater transparency in how board members are appointed.

Speaking on RTE’s Morning Ireland, the IOD Chief Executive Maura Quinn said that it was to be welcomed that over 82 per cent wanted the establishment of a charities regulator.

Of those surveyed, two-thirds believe that organisations in receipt of State funding are not adequately monitored or held to account for the appropriation of these funds.

There were 229 respondents to the survey of the IOD’s membership of over 2000 members, although Quinn explained that they specifically asked members that were chief executives and board members in the particular sector.

Rehab

When asked about the controversy surrounding Rehab Group she said it was “regrettable” that the board meeting wasn’t going to take place sooner but said it was the board’s entitlement  to seek external advice.

She said that it was important, moving forward, to ensure that the right people are placed on boards, are properly trained and that there is transparency in how they are appointed to boards.

She added that rotation of members was important, stating “we don’t want to see these board members sitting on these boards for 20 years, they are not independent after that time”.

Read: Rehab to discuss releasing CEO’s salary at February meeting>

Read: ‘Your local GAA lottery wouldn’t work like this’: Varadkar criticises Rehab Group>

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