CFS wins two awards at the Charity Transparency and Governance Awards 2019: The Charity Governance Award – Special Commendation for Governance and Management – and the Charity Transparency Award
CFS is honoured to have won the Charity Governance Award – Special Commendation for Governance and Management – as well as the Charity Transparency Award. Conferred by the Charity Council, we were privileged to be amongst a select line-up of outstanding charities that were recognised for exemplary disclosure and transparency practices at the Charity Governance Awards dinner on 3 December 2019.
A total of 67 charities, including CFS, were conferred the Charity Transparency and Governance Awards for their overall excellent transparency and governance practices.
In addition, CFS was among the seven charities that won the Charity Governance Award.
The Charity Transparency Award was first launched in 2016, to recognise charities with good disclosure practices that the Charity Transparency Framework recommends.
Inaugurated in 2012, the Charity Governance Award recognises charities that have adopted the highest standards of governance, in line with the Code of Governance for Charities and IPCs.
Exemplary governance and management practices
CFS is governed by a board of eminent professionals, selected via a rigorous process, who serve pro bono. They work closely with CFS’s management to steer the organisation in realising our strategic vision. Our Board has set up several committees, with recognised experts as members, to ensure the organisation is run optimally with transparency, aligned with our mission and purpose. Since our inception, CFS has continuously invested significant resources to exceed expectations in governance, compliance and management. Part of the training process for board and staff is to highlight the importance of acting according to the highest standards.
Sharing our lessons
Over the past years, our Board and staff have worked hard to ensure that we maintain these high standards across the organisation and in daily work. CFS’s steady growth in the last decade is testament to the trust donors and partners have placed on us, as well as the dedication of our staff.
CFS is honoured to attain this accolade and will be happy to share our experience other charities going forward. We found it especially useful to work closely with our auditors, who have provided valuable guidance and support. Charities can also draw on the helpful resources provided by the Commissioner of Charities and the Charity Council in Singapore, which we highly recommend.
We are thankful to our partners and donors who trust our professional expertise to meet their giving goals. We are so grateful to our Board of Directors and committee members for their dedicated oversight and support.
“Ours is a business built on trust. Good governance is integral to our success and that of our stakeholders. We will not rest on our laurels but continue to improve and innovate to ensure continued confidence in CFS,” said Catherine Loh, CEO, CFS.