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Sports Governance Is A Business Issue

Fri 5th Dec 2014 | Football Governance

Lord Moynihan’s ‘Governance of Sport Bill’, being debate in the House of Lords, has been welcomed by the Institute of Directors, the UK’s leading voice in corporate governance.

The IoD’s Corporate Governance Adviser, Oliver Parry, said: “Sport is big business and sports governance must be recognised as a business issue.

“Lord Moynihan is absolutely right to say that if it wouldn’t be acceptable in the boardroom of a FTSE company, it can’t be acceptable at sports governing bodies like FIFA or the International Olympic Committee.

“The UK is rightly regarded as a world leader in corporate governance, with company directors held to high standards of professionalism and transparency.

“However, it is a different picture when it comes to how our sports bodies are run. Lord Moynihan’s proposed reforms would introduce more accountability and improve the governance arrangements in UK sport.

“We should take this bill as an opportunity to get our own house in order, and send a strong message to international bodies that they must clean up their act.

“This bill is not a silver bullet, but it represents an important first step in overhauling a culture of poor governance which has permeated too much of international sport.

“Nowhere are the problems with a lack of transparency and impenetrable governance structures more apparent than at FIFA.

“Time and again they have fallen woefully short of what we would expect from the world’s largest and most powerful governing body in sport.”

Image: Action Images

Posted by: Aaron Gourley

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