Paragraph 7 Corporate governance statementI1

England and Wales

(1)

The IFR must prepare and publish a code of practice about the corporate governance of regulated clubs.

(2)

“Corporate governance”, in relation to a club, includes—

(a)

the nature, constitution or functions of the organs of the club,

(b)

the manner in which the organs of the club conduct themselves,

(c)

the requirements imposed on organs of the club,

(d)

how the club contributes to the economic and social well-being of the local community with which it is associated,

(e)

the approach of the club to equality, diversity and inclusion, and

(f)

the relationship between different organs of the club.

(3)

The IFR—

(a)

must keep the code of practice under review, and

(b)

may from time to time prepare and publish alterations to the code or a replacement code.

(4)

Before publishing a code of practice or any alterations to the code, except where the IFR considers that the alterations are minor, the IFR must consult—

(a)

the Football Association, and

(b)

such other persons as appear to the IFR to be representative of persons likely to be affected by the code.

(5)

A code of practice published under this paragraph comes into force on the day specified in it.

(6)

Alterations to the code of practice come into force on the day specified in the alterations for that purpose.

Annotations

Commencement

I1: Sch. 5 para. 7 in force at Royal Assent, see s. 100(2)(c)