New code for community finance groups

The Community Development Finance Association has launched a code of practice designed to raise standards across its 76 members.

The code covers governance issues such as efficiency, appointments and risk management, and practical elements such as auditing, marketing and finances.

Members will have a year to adjust their operations to meet the code's requirements. The CDFA will then ask for feedback and make revisions if necessary

"This will drive the quality of the sector into the future," said Bernie Morgan, chief executive of the CDFA. "We wanted to have a code of practice that raised standards across the sector."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

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