The Care Trust has won the prestigious Good Governance Award for best Annual Report. Award Winners were announced at an event in the National Concert Hall on 14th November 2019.
The Good Governance Awards are national awards that recognise and
encourage adherence to good governance by non-profit organisations in Ireland.
The awards were developed by Carmichael with the support of partners and
leading national bodies in the non-profit sector. A year ago, The Care Trust won the award for
best Governance Initiative.
Trust is proud to be a
finalist in the Published Accounts Awards 2019. This selection by the Chartered
Accountants Ireland Leinster Society, announced on 1st October 2019,
recognises the quality of reporting in our latest published Annual Report. This
is the second time in 3 years that we have been shortlisted for these
excellence in Annual Report presentation, the Published Accounts Awards have
been encouraging companies to attain the highest standards in financial
reporting for more than 40 years. The Award winners will be announced on 7th
The Good Governance Awards recognise, support and promote adherence to good governance practice within the non-profit sector in Ireland.
Public trust in the sector has been damaged by a number of high profile cases of bad governance and unacceptable activities. In this context, theGood Governance Awards aim to support and encourage non-profit organisations to manage and communicate their adherence to good governance more effectively and in doing so build greater trust.
WHO GRANTS THE GOOD GOVERNANCE AWARDS?
Since 2016, Carmichael Ireland has held the Good Governance Awards to recognise and encourage adherence to good governance practice in Ireland, Carmichael Ireland is the leading specialist training and support body for non-profit companies in Ireland.
The Care Trust entered the category for ‘Best
Since 2015, TCT has maintained a
comprehensive Risk Register. This Register lists all of the potential risks to
the company’s viability, from bad publicity to an electricity failure. It
tracks critical risks at any point in time, as well as noting work done to
mitigate and manage risks. Maintaining a Risk Register is a key requirement for
good governance, and it is generally used by the Board to assess the company’s
performance and plan for the future.
TCT identified a need to make the Risk
Register a functional resource across the organisation. Our Management team wanted
it to be more interactive and accessible to staff, while our Board needed to retain high-level
oversight of critical challenges.
TCT developed a Risk Dashboard: a
condensed front-end view allowing oversight of risks. This is securely hosted
on a web-based platform, SharePoint, to allow users continual access. This
gives comfort to the Board regarding the current risk environment and TCT’s
robust controls. The Register is integrated with a comprehensive Business
Continuity Plan, which means we’ve considered all known risks and put in place practical
action plans for all scenarios.
The Dashboard is now demonstrated at
meetings with Field and Administration staff. This allows staff to understand
risks, the importance of controls and encourages their input into mitigation plans.
The Board continues to oversee TCT’s
risk appetite and to strategise accordingly.
At other levels of the company, risks are assessed and mitigating controls are
designed and implemented.
IS THERE A PRIZE?
TCT did not
win a Ford Fiesta car or a cash prize. . We did win the acknowledgment of our
peers that we are committed to and demonstrate the highest standards of good
governance in our policies and in our actions. And we did get a very nice trophy for our office and a logo to share on our website,
email signatures and advertisements.
WHAT DOES IT MEAN FOR OUR CONTRIBUTORS
AND POTENTIAL CONTRIBUTORS?
It means that
Contributors and potential Contributors can trust that TCT are doing everything
possible to safeguard their valuable contributions and to secure sustained
charitable giving, in an open and transparent manner, to empower children and
adults with disabilities and serious illnesses to live life to the full.
TCT strives to embed good
governance at all levels, from our Board to our door-to-door fundraising
representatives. We are delighted this has
been recognized by the Good Governance Awards.
The Care Trust is honoured and proud to have won the “best governance improvement initiative” award (click here for details). Good governance is at the heart of what we do and appreciate the recognition of this.