S/N Call for Action
Code ID
Did the charity put this principle into action?
Remarks
Principle 3: The charity acts responsibly, fairly and with integrity. 15 Conduct appropriate background checks on the members of the Board and Management to ensure they are suited to work at the charity. 16 Document the processes for the Board and Management to declare actual or potential conflicts of interest, and the measures to deal with these conflicts of interest when they arise. a. A Board member with a conflict of interest in the matter(s) discussed should recuse himself/herself from the meeting and should not vote or take part in the decision-making during the meeting. 17 Ensure that no Board member is involved in setting his/her own remuneration directly or indirectly.
3.1 Yes
3.2 Yes
3.3 Yes
18
Ensure that no staff is involved in setting his/her own remuneration directly or indirectly. Establish a Code of Conduct that reflects the charity’s values and ethics and ensure that the Code of Conduct is applied appropriately.
3.3 Yes
19
3.4 Yes
20 Take into consideration the ESG factors when conducting the charity’s activities. Principle 4: The charity is well-managed and plans for the future. 21 Implement and regularly review key policies and procedures to ensure that they continue to support the charity’s objectives. a. Ensure the Board approves the annual budget for the charity’s plans and regularly reviews and monitors its income and expenditures (For example, financial assistance, matching grants, donations by board members to the charity, funding, staff costs and so on). 22 Implement and regularly review key policies and procedures to ensure that they continue to support the charity’s objectives. b. Implement appropriate internal controls to manage and monitor the charity’s funds and resources. This includes key processes such as: i. Revenue and receipting policies and procedures; ii. Procurement and payment policies and procedures; and iii. System for the delegation of authority and limits of approval. 23 Seek the Board’s approval for any loans, donations, grants, or financial assistance provided by the charity which are not part of the core charitable programmes listed in its policy. (For example, loans to employees/subsidiaries, grants or financial assistance to business entities). 24 Regularly identify and review the key risks that the charity is exposed to and refer to the charity’s processes to manage these risks.
3.5 Yes
4.1a Yes
4.1b Yes
4.2 Yes
4.3 Yes
Lions Home Annual Report 2024/25 17
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