Charities should be given more control and freedom over how they are run, Lord Hodgson has said in his report on the Charities Act 2006.
Last year, the Government appointed Lord Hodgson to conduct a wide-ranging review of the Charities Act 2006 to investigate whether it is fit for purpose. He was asked to consider if better regulation is needed and whether the existing rules are enabling charities to operate easily. The Government will carefully consider his recommendations.
As part of the recommendations, Lord Hodgson is calling for greater freedom for charities to decide how they are run, but balanced with greater transparency. His report intends to:
• hand back power and control to trustees by reducing red tape;
• help charities demonstrate their success by making information requirements simpler and more transparent;
• revolutionise investment rules to open up the social investment market for charities.
In return, charities would be asked to be more transparent and accountable to the public, by focusing information requirements on what the public need and want, and agreeing stronger rules on the regulation of fundraising.
To read the Review, visit: www.cabinetoffice.gov.uk/news/hodgson-review-calls-new-settlement-charities?utm_source=Linx+238+-+19+July&utm_campaign=linx238&utm_medium=email.