What we offer
As advisors to the Board and its members, CorpServe helps charities build a strong governance framework and ensure they remain compliant.
Having in place a strong governance framework and best practices are essential for the effective performance and operation of a charity. This also allows the Board to focus on the furtherance of the charity’s objects.
We provide advisory and compliance support to the CLG in the following areas:
Planning and Setting up
For registration as a charity or IPC, we can provide insights into various legislative conditions, as well as other requirements which need to be fulfilled. These include naming the organisation, the purpose or objectives of the organisation, drafting the governing document, governing board requirements like the board composition, the board size, and the criteria and process for board renewal.
In the management of a charity or IPC, we guide the Board in areas like committee structure, constitutional documents, as well as corporate governance review and board evaluation.
A charity that engages in revenue generating business activities should institute certain controls to segregate its business and charitable activities or it can consider setting up a separate entity to undertake the business activities. We can provide guidance to the Board in this aspect, from the sharing of best practices in various critical core functions from accounting, finance to compliance, or to the assessment on whether to set up a separate entity.
We work closely with the management to develop a framework on the content, manner, and timeline for reporting to authorities like ACRA and COC, and the organisation’s key stakeholders.