Financial stewardship
January 2008
Nigel Scott recommends some practical steps to bridge communication gaps between governing boards and heads of finance...
The responsibility for looking after something you do not own is nothing new and stewardship continues to be a key responsibility of charity governing boards in the 21st century. When it comes to financial stewardship, levels of financial awareness among trustees remain worryingly low and the number of treasurer vacancies is on the rise – according to voluntary sector treasury recruitment services.
Author: Nigel Scott
Nigel Scott is course director for the London South Bank Charity MSc Courses and the CIPFA Certificate. He also runs Minerva Partners LLP, a financial management consultancy for charities
www.lsbu.ac.uk
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