Our Corporate Governance
Caritas Singapore is governed by a volunteer Board of Directors. Reporting to the Board of Directors are various Board Committees tasked with looking into specific areas such as audit and finance. Each Board Committee is chaired by a Director. By way of a Declaration of Trust on 3 November 2006, Caritas Singapore set up The Caritas Singapore Agape Fund (UEN: T06CC2001K) (“Agape Fund”).
Caritas Singapore engages and supports its member organisations in their organisational needs and development; and co-ordinates the work of all its member organisations in order to strategically allocate and provide sustainable funding for the Catholic Church’s social mission in Singapore. Catholic organisations which are registered with the Chancery and engaged in social mission work may apply to join Caritas Singapore.
Caritas Singapore is committed to good governance. Hence we have developed a code of governance to articulate and communicate the governance standards and best practices we intend to uphold.
The Caritas Singapore Code of Governance (“the Caritas Singapore Code”) builds on the Code of Governance for Charities and IPCs first issued by the Charity Council in November 2007 (“the Charity Council Code”). The differences between the two Codes are described in Appendix 1 of the Caritas Singapore Code.
In general, the Caritas Singapore Code provides, where appropriate, further specifics of Caritas Singapore’s implementation of the principles. In particular, there is an additional section on the Code of Ethics for Caritas Singapore, reflecting the importance of Catholic ethos and values in Caritas Singapore’s functioning.
Since our formation, as part of our annual report to stakeholders, we provide a yearly report on our corporate governance. This report describes Caritas Singapore’s actual compliance with the Charity Council Code for the previous year.