Understandably, there have been members asking just what the governance changes are, both those already being put into effect by NISA, and those needing approval at the AGM through changes to the Articles of Association.
As a brief background, these changes are linked to NISA's Strategic 10-Year Plan as well as to the requirements in the Code for Sports Governance published jointly by Sport England and UK Sport. Further information will be progressively provided on this website, through newsletters, and in the AGM Papers.
One such change is the creation of an Audit Committee, which has been agreed and set up by the NISA Board using its powers under the existing 2013 Articles. The Audit Committee will now support the NISA Board to oversee the activities of the company at a strategic level, with regard to financial control, governance, internal audit and risk management matters. The Audit Committee will check and review reports produced by the Association’s management and provide recommendations and advice to the NISA Board on matters and policies of the company within the committee's field of specialisation.
The Audit Committee is chaired by the Independent Non-Executive Director (for financial matters), and includes the Independent Non-Executive Director (for legal matters). There are also plans for the Audit Committee to recruit a further independent, non-director committee member who can bring additional expertise to the committee.
NISA already has a Finance Sub-Group, which focuses separately on financial management at the operational level of the Association. In order to provide appropriate linkage, the finance portfolio director is included as a member of the Audit Committee.
More information to follow in due course.