Ifrah Foundation is governed by a Board of Directors whose principal responsibilities are strategic direction of the organisation, monitoring compliance while ensuring the efficient and effective use of resources. The Board of Directors meets at least 6 times per year and is made up of a variety of pertinent skills to the compliment the delivery of the Foundation’s mission. The Foundation’s board of Directors operates sub-committee as needed and currently has two: Governance and Finance sub-committees. No remuneration is paid to Directors for their services on the Board. Directly incurred expenses are reimbursed if claimed. Ifrah Foundation’s Directors are required to declare any conflicts of interest at the start of every Board meeting.
In November 2018 the Charities Regulator launched the Charities Governance Code, which sets the minimum standards, which everyone on the board of a registered charity, should ensure their charity meets in order to effectively manage and control their organisations.
The Charities Governance Code consists of six principles of governance. These are:
Advancing charitable purpose
Behaving with integrity
Being accountable and transparent
The six principles are linked to the legal duties of charity trustees. The Code specifically aims to help charity trustees to put good governance systems and processes in place which will assist them in meeting their legal duties under charity law.
Good governance minimises the risk of fraud and other damaging practices – ensuring a charity is managed in a professional, transparent, and accountable way. This also serves to give confidence to funders and donors.
Charities will be expected to report on their compliance with the Code by end 2021. Ifrah Foundation is working through compliance with the Irish Charities Regulators Charity Governance Code which has 6 principles. Ifrah Foundation is currently compliant with 3 of the 6 principals (July 2021) and will compete the code by October 2021.
ANNUAL IMPACT REPORTS