Daryl's Blog

Someone  wrote and asked me if I stand by my recent forecast that CIOs would not survive the next election. Well I do, although nothing that this tired government does will surprise me. It may be that they have invested too much time and effort into this project to let it fall.

It was flawed from the beginning both in concept and execution. When it was first dreamed up I suspect that its sponsor overlooked the fact that sweeping changes in company law were being drawn up, which would make life a lot simpler for small companies including charitable companies. The new company regulations effectively mean that many of the reasons for having CIOs no longer apply. To make it worse, I also suspect that as plans were advanced it became increasingly clear that whilst it would be relatively simple to change a company charity into a CIO it might be rather more complicated to change an unincorporated charity over - these being the very charities that the proposals were there to help.

I think the best solution is to forget all about CIOs and get on with more important things. The status quo is fine. If by chance we do get them delivered to us one day, I will want to have a good look at them first to make sure they are 'fit for purpose' before we start to make use of them.

My monthly bulletin will keep you posted.

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