CONCACAF Announces Reform Framework

Jul 06, 2015, 11:22 ET from CONCACAF

MIAMI, July 6, 2015 /PRNewswire-USNewswire/ -- The Confederation of North, Central America and Caribbean Association Football (CONCACAF) announced today that its Executive Committee has approved an expansive Reform Framework that seeks to substantially strengthen the Confederation's governance, management, and operations.

The Reform Framework was unanimously approved by CONCACAF's Executive Committee at an in-person meeting on Saturday, July 4, 2015 in Vancouver, Canada. The new phase of reforms to governance, management, and operations will start being implemented immediately.

The Reform Framework, which was developed at the request of the Confederation's Executive Committee, is an additional step toward ushering in systemic organizational change to further enhance CONCACAF's business operations through improved governance, increased public disclosure, and enhanced anti-corruption controls.

In a statement, CONCACAF said: "This Reform Framework reflects CONCACAF's commitment to strengthening our governance, management, and operations. These reforms are intended to apply best practices for sound corporate governance to CONCACAF's business operations. In implementing the Reform Framework, the Confederation will demonstrate to its fans, sponsors, member associations and other stakeholders that CONCACAF is resilient and devoted to managing, developing, and promoting the game with accountability and transparency."

Proposals contained in the Reform Framework fall into three categories: Corporate Governance; Fraud Prevention and Compliance; and Transparency. Many, but not all of the reforms, are listed below. To view the full Reform Framework, please visit www.concacaf.com/reformframework

The Reform Framework announced today follows several other actions taken by CONCACAF in the last few weeks. Since May 27th, CONCACAF's Executive Committee has also provisionally banned officials allegedly involved in wrongdoing; initiated a full review of all current expenditures and contracts with vendors and sponsors; and engaged the global professional services firm Alvarez & Marsal to assess and recommend improvements in the Confederation's business operations.

 

SOURCE CONCACAF



RELATED LINKS

http://www.concacaf.com