Charity Finance Group (CFG) has recently jointly launched new governance principles to bring charity leaders greater clarity and confidence when making decisions about their investments.
The Charity Investment Governance Principles, also known as the CIGPs, are a first for the sector. They have been developed to reflect the outcomes of the Butler-Sloss case and complement the Charity Commission’s CC14 guidance and Charity Governance Code.
The principles are set out on a dedicated website and are the culmination of a year-long project led by a steering group comprised of CFG, NCVO, WCVA, the Association of Charitable Foundations, the secretariat of the Charities Responsible Investment Network, and expert advisers from across the sector.
The Charity Commission was an observer to the project, which was made possible by several generous grantmakers.
Caron Bradshaw OBE, CEO of CFG, commented:
“We’re delighted to jointly launch the Charity Investment Governance Principles and website today. This is an entirely new resource developed both for and by the charity sector. With these new principles, charity trustees will feel more confident when making decisions about their organisation’s investments.
“We are proud to have led on this important piece of work alongside our sector partners and freelance consultant Gail Cunningham who has expertly led the project to this point. We thank all those involved.
“If you are a charity trustee or leader making decisions on investments, we commend the Charity Investment Governance Principles to you.”
Commenting ahead of the launch event hosted by CFG on Thursday 16 January, Richard Sagar, CFG’s Head of Policy, said:
“We’re proud to be launching this resource today. The CIGP project has been an important focus for CFG and other steering group members in the past year. The successful launch of the CIGPs and website today demonstrates what our sector can achieve when we collaborate and consult widely with a clear purpose.
“Our desire to support excellence in financial leadership and decision-making doesn’t stop here, however. We invite feedback from charity users about how we can improve and evolve the principles and website for the future.”