The Nevin Economic Research Institute (NERI) is a Registered Charity since the 1 August 2013 with the Charity Number - 20082130.

Under the Charities Act 2009, every charity registered in the Republic of Ireland is required to submit an Annual Report to the Charities Regulator.  When a charity files its Annual report for 2021, it will be required to declare if it is fully compliant with the Charities Governance Code.

You can comply with the Code by deciding:

What actions you will take to meet each core standard and what evidence you will keep to show that you have met this standard.  To comply with the Code, you must complete the Compliance Record Form every year.  This has been completed by the NERI for the years 2021-2023.

The 6 Principles of the Charities Governance Code are explained below with the NERI policy documents attached.

Principle 1 - Advance its charitable purpose

A charity needs to be clear about the purpose of the charity, have a Staff Charter, Programme of Work for the following year and an Accounting Policy & Procedure Document.

Principle 2 - Behave with integrity

Ethics are fundamental in the charity sector.  The trustees of a charity must agree values that are reflected in all the charity does and maintain confidentiality about board matters. 

Principle 3 - Lead People

The most essential resource of any charity is its people.  People should feel valued and have clarity around their own roles and the roles of others. 

The NERI have drawn up a Code of Conduct for trustees, trustee’s role descriptions and employment legislation policy documents. 

Principle 4 - Exercise Control

All charities must abide by all legal and regulatory requirements that are relevant to the work they do.  Charity trustees must understand that the governing document of a charity is a legally binding document in its own right.

Principle 5 - Working effectively

Board meetings are important for charity trustees as they exercise their collective authority.  It is also important for a good mix of skills and experience amongst trustees and that trustees receive an induction into a charity.

Have a recruitment and induction plan for future trustees, have regular meeting and record them accurately in the minutes, review the skills of trustees and decide on a term limit for trustees.  Induction pack sent to all trustees.

Principle 6 - Being accountable and transparent

Be open and transparent about all charity matters as this is an important way to build public trust.  Identify your stakeholders and decide how you will communicate with them.

The NERI have updated the NERI headed paper and the NERI website with charity details and registered number, have updated the Communications Policy document and have a Data Protection Policy on the NERI website.  Have a list of stakeholders and how they are communicated with using social media.