Charity chiefs support regulator

“Poor to average” is how the vast majority of charity chiefs rate governance of the sector, while two thirds believe organisations in receipt of state funding are neither adequately monitored nor held to account for how money is spent.

A survey of board members and CEOs in the charity and not-for-profit sector found widespread dissatisfaction with the general lack of oversight, particularly in the absence of a charities regulator.

The research, carried out by the Institute of Directors, found that 83% favoured the introduction of a mandatory code of governance, while four in five want to see a more formal and transparent process of appointment to the boards of charities.