Good governance is not only critical for receiving grant-aid but also an enabler to create great art and to build a sound, sustainable business ethic. In this regard, Penelope Kenny seeks to set out the steps to good governance arts organisations with her book Corporate Governance for the Arts Sector. Penelope’s definition of a Corporate Governance is “The system by which organisations are directed and controlled”. In her new book, Penelope identifies the practical needs of your organisation, she shows you how to create and establish corporate governance systems within an arts organisation, to meet Ireland’s new standards of accountability and transparency. Citing many of the recent scandals in the non-profit sector, she identifies the challenges of achieving excellence in corporate governance.
For artists, industry professionals and funders of the sector alike, this book is essential to understanding modern governance standards and board leadership in the arts. Whether you are a board member, arts manager or funder of the sector this book is for you. This may be the first of more thought-leadership books written in collaboration with the arts sector which notes that “there is a growing interest in the arts”, and importantly, to what the arts might contribute business and economic thinking and practices. Kenny ends with the suggestion: “Perhaps in the future we can “unlock the full potential of the critical and complex connection between culture, Ireland’s international reputation, and business”
The book is a “must-have” handbook for directors, auditors, financial advisors, the Arts Council and donors involved in or with the arts.
Penelope Kenny: Corporate Governance for the Irish Arts Sector, published by Chartered Accountants Ireland (2014)
Available now at €25 in all good bookshops or from Chartered Accountants Ireland, CLICK HERE