7. Administration - day to day management 

Principles: The management is committed to promoting an effective and well-functioning organisation.

 

Comments: Leadership, procedures, the use of resources and the degree of professionalism need to be continuously developed and be reasonable in relation to the task at hand.

There ought to be simple and clear operating and decision-making procedures so that the foundation can at any time carry out its work in the best possible way.

As far as possible, one should avoid executive members also being members of the foundation’s board of directors.

The management ought to submit to the board, as well as make public, all important information relevant to evaluate the foundation and its efforts and should also ensure implementation of the principles of good practice.


How to read the principles:

Each of the seven points describes a general principle for good foundation practice. Together they form the basis for good practice that the foundation aims for.

The comments under the principles suggest ways in which these can be achieved.