Governance and Review mechanism
Governance is the need of the hour in the development sector to ensure and promote application of best management practices, compliance of law and adherence to best possible ethical standards. Soul Foundation’s evaluation mechanism ensures assessing impact of investment, complete transparency and accountability in utilization of funds.
The policies laid down are not used as tools of legal or regulatory compliance. Some of them are part of legal compliance; however their main aim is towards a better and transparent governance.
The foundation’s supervisory body is designated with the responsibility of independently monitoring governance practices. This improves our ability to identify any weakness at the earliest possible stage by ensuring that accountability remains an ongoing priority and is embedded in the organizational culture.
Purpose: Oversight functioning of the foundation and to ensure that the management fulfills its ethical, legal, functional and fiduciary responsibilities effectively.Define expectations, Grant power and Verify performance