Structure and Governance
We are a ‘Partnership’ of nearly 100 national entities around the world and World Vision Lanka is a part of it. We are bound together in interdependence through a common mission statement and shared core values. We abide by common policies and standards through signing the World Vision International Covenant of Partnership. We apply these policies and standards in accordance with our local context. We have a voice in the Partnership no matter our size. While being a member of the Partnership, we are also a distinct legal entity governed by a local board. Our Board of Directors provide overall strategic direction and ensure risk is effectively managed. Our internal accountability is managed through a range of audit, review and quality assurance processes at the country and programme levels.
20
World Vision Lanka | Annual Report 2018
Each office undergoes three major internal reviews once every three years. The reviews include both a self-assessment by the office and an independent assessment by a small team from across World Vision. A Peer Review assesses the governance of local offices and the effectiveness and alignment of local Boards and Advisory Councils. A Programme Capability Review ensures there is sufficient programming capability to achieve our strategic objectives, and that a good relationship between implementing offices and fundraising offices exist. Operational and Finance Audits are carried out by an internal audit team. Operational audit focuses on areas around sponsorship funding. Finance audit focus on adherence to policy/procedure. During the last year World Vision Lanka conducted operational and finance audits and programme capability reviews and acceptable or satisfactory ratings have been received for each of them.
