Financial Integrity in Sport

Financial integrity and transparency is a cornerstone of good governance. While significant strides have been made in the last decade, there is evidence of room for improvement in some existing systems. SIGA has identified opportunities to support further progress, in order to help sport align itself with improved best practice benchmarks from other organisations.

The Universal Standards on Financial Integrity reflect the concerns and responsibilities of governing bodies, clubs, leagues, competition organisers, athletes and other key stakeholders. They are designed to help meet the significant challenges faced by sport and its stakeholders in many areas, ranging from the ownership of clubs and players to the opaque nature of the transfer system, inadequate club licensing, regulation of the activities of agents, tax evasion, money laundering, corruption in procurement and contracting and in the bidding processes for sports events.

The three pillars of the Universal Standards on Financial Integrity are:

  • Transparency and integrity – producing and publicising reliable financial information.
  • Financial sustainability – generating value over time through sound management.
  • Fiscal responsibility – meeting obligations on tax and social payments.

Latest Tweets

SIGA @SIGAlliance Stories such as this reinforce the need 4 Universal Standards on Youth Development & Child Protection. Check out th… https://t.co/MUrz9WEzBf 10 hours ago
SIGA @SIGAlliance British Gymnastics to investigate alleged abuse of elite athletes https://t.co/gNhlqtHBYV 10 hours ago
SIGA @SIGAlliance 1ST MENTOR ANNOUNCEMENT! @wrestlingsally, Founder & CEO @WrstleLikeAGirl & Board Member @USAWrestling joins the SIG… https://t.co/NlSOWzvjdA 12 hours ago
SIGA @SIGAlliance Great to be on such a diverse panel with speakers around the globe discussing female leadership in sport. Now is th… https://t.co/z8HmgQMTH5 16 hours ago
SIGA @SIGAlliance 1 hour until the panel session "Is Sport the last frontier for Gender Equity Major?" - Register here:… https://t.co/UkIHvWs7mB 2 days ago
SIGA @SIGAlliance Find out more about SIGA's 2020/2021 Global Agenda on Female Empowerment & Leadership in Sport by tuning into Major… https://t.co/tHulhU6Bay 2 days ago
SIGA @SIGAlliance "SIGA Kicks Off University Network around the Globe"- over 30 representatives from more than 20 leading universitie… https://t.co/wVz8o7OVNa 6 days ago