For advertisement

Sample

1/26/2007

Looking to run a Charity

The last time I wrote about my intention to start a Charity Organisation. Looks like I am late and need to speed up my search for a good charity to take over or start a new one. There are so many peanuts to be picked, big ones and small ones. And there is no need to worry. Yap Su Yin wrote in the Straits Times, 'Who will pay the extra cost for good governance?' Yes it is too costly to have good governance. Better not to incur such cost. And it is very comforting to hear Assoc Prof Mak Yuen Teen saying, 'Therefore, it may be difficult to take action against (past and present) boards for negligence or breaching their duties, unless there is an element of dishonesty or fraud involved. I don't think there is much you can do against the (previous) boards.' Prof Mak was referring to the new Youth Challenge saga. Since it is so difficult to find anyone guilty, and corporate governance is going to be too costly to be considered, then more volunteers should be encouraged to run more charities. Just act honestly and no one can find fault with them even if they pay themselves crazy or their friends crazy. Just make sure that everything is approved by the board or some one else.

No comments: