Compliance with regulations, legal obligations, makes NGO impact sustainable – BudgIT CEO
Mr Onigbinde stated that compliance should not be treated as an administrative burden or an obstacle to social impact, but as a system for protecting organisations against financial abuse, regulatory violations and reputational damage.
Mr Onigbinde stressed that organisations needed to move beyond the passion that often drove people to establish social initiatives and build systems that would enable them to meet their legal and regulatory obligations.“If you meet four times a year, make sure that for every quarter there is compliance on the agenda that the board must discuss,” he stated.
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