Corporate Governance

*Confidence in the way sports are governed is the key to long-term success

*Good Governance is dependent upon:

clearly defined responsibilities
transparency in the way these responsibilities are defined, monitored and enforced

*Sport is attracting more attention from politicians and legislators because of its key role in influencing social and cultural behaviour

*The rapid development of sports rights values has alerted British and European legislators to the threats of anti-competition practices and restraint of trade issues

*Judicial intervention could undermine the principles of self-regulation upon which sport is based

*However, the European Council (Nice 2000) declared its support for the independence of sports organisations and their right to organise themselves

*But stressed that this was conditional upon the sports observing the principles of good Corporate Governance

*SIMPLE MESSAGE - Sport is entitled to have its special status recognised but it must earn that status. Otherwise, there will be pressure to apply laws treating sport like any other commercial organisation.

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