NCVO launches draft governance framework for community interest companies

Launched at the umbrella body's Trustee Conference this week, it is aimed mainly at organisations with turnovers of more than £1m a year

National Council for Voluntary Organisations
National Council for Voluntary Organisations

A draft framework of governance for community interest companies has been launched by the National Council for Voluntary Organisations, in partnership with other bodies.

The framework, which should be published on the NCVO website shortly, is currently in draft form, and stakeholders are invited to make comments before a final draft is published. It is focused primarily on organisations with turnovers of more than £1m a year, although it also says that all CICs should aspire to have good governance.

The five-page document, which is being produced in conjunction with the law firm Bates Wells Braithwaite, the membership bodies Social Enterprise UK and the CIC Association, and two consultants, includes tips on meetings, strategy and accountability, among other issues.

The guide was publicly launched at an NCVO conference on Monday, just days after the Office of the Regulator of Community Interest Companies announced on its Twitter feed that it had passed the 10,000 CICs mark for the first time.

Although on Wednesday the number of CICs dipped back down to 9,993 because of deregistrations, it stood at 10,010 as of this morning. The first CICs were registered in 2005.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus