What is it about?
Charity regulation is increasing internationally, with many required to maintain public trust and confidence in charities in order to bolster ongoing charity support from funders and the donating public. When it falls, donations to charities fall and they become less resilient. While charities also can bring troubles on themselves through misconduct, some suggest regulators could “do more” to increase resilience across the charity sector. We ask how charities should be regulated and whether (and how) a regulator could build resilience.
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Why is it important?
The search for better regulation is always demanding and through this article we were able to discuss whether and how charity sector resilience is part of the regulators' work. Indeed it is! And the sector seeks more engagement with the regulator to enable them to be more resilient.
Perspectives
I particularly liked the way we depicted charity-sector crises as a vehicular incident with the regulator acting as a Guardian Angel” to prevent crises through interventions to build and maintain sectoral resilience. Alternatively the regulator could appear post- incident as a “Tow Truck” to clear the road for other traffic through for example, sanctions and deregistration. We analyse these two extremes of expected regulatory responsibilities to generate discussion on how the regulator can encourage charity resilience within a confined but permeable regulatory space.
Adjunct Professor Carolyn J Cordery
Victoria University of Wellington
Read the Original
This page is a summary of: Regulatory responses to build charity financial resilience: “Tow Truck” or “Guardian Angel”?, Financial Accountability and Management, April 2024, Wiley,
DOI: 10.1111/faam.12392.
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