“A governance review is not meant to be an audit, much less an investigation or formal inquiry to detect and establish fraud or mismanagement,” Chan said.
Instead, the review serves to help charities improve their corporate standards and is done in cooperation with charities that participate in them.
He added that the reviews in 2008 had found that the seven large charities “generally had proper systems and processes in place” and were “largely in compliance with the regulatory requirements and codes of governance”. Full story
