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June 03, 2020

Do not flinch in the face of adversity

Prime Minister Dr Keith Rowley’s announcement that phase three of the reopening of the T&T…
June 03, 2020

An open letter to sport #BlackLivesMatter

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June 02, 2020

Rolf Bartolo - A man of integrity

Tributes keep pouring in for Rolf Bartolo from different quarters in Trinidad and Tobago. On…
June 01, 2020

Lewis: Sport can be key in covid19 recovery

BRIAN LEWIS, president of the TT Olympic Committee (TTOC), says that sports can play a…
May 31, 2020

FEMALE MEMBERSHIP OF IOC COMMISSIONS REACHES AN ALL-TIME HIGH OF 47.7 PER CENT - TWO…

THE INTERNATIONAL OLYMPIC COMMITTEE (IOC) ANNOUNCED TODAY THE COMPOSITION OF ITS COMMISSIONS FOR 2020. THE…
May 28, 2020

TTOC to roll out covid19 relief to athletes

The TT Olympic Committee (TTOC) is currently finalising the criteria needed for athletes to benefit…
May 26, 2020

OpEd: The IOC Stands in Solidarity With All Athletes and All Sports

Much has been written lately about the International Olympic Committee (IOC)’s finances. Some of these…

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An independent financial audit will be conducted by the International Olympic Committee (IOC) into grants it awards to the various International Federations and National Olympic Committees (NOCs) in a bid to increase transparency within sport in the midst of corruption and doping scandals, Thomas Bach announced here today.

The process, to be initiated in 2016 and cover finances, as well as good governance aspects, was adopted by the IOC Executive Board at the conclusion of its meeting here.

It has the support of both the Federations and NOCs, according to the IOC, and 89 out of the 206 NOCs have already begun financial audits.

The news follows the Association of Summer Olympic International Federations adopting its own good governance task forces which aims to "practically support the Federations’ intention to ensure good governance within their own structures".

The IOC also claim several Federations from across the world “feel affected by incidents in some sports organisations and are concerned their reputation is being tarnished by generalisation”.

Bach said: “The audit has to be independent as we don’t have the expertise in this area.

“Part of this process is already underway.

“We want to show the money that is coming from sport is going to sport.

“It is important that the decisions on who is benefitting from these contributions are being taken by respecting the rules of good governance.”

The IOC President also revealed the audit will cover the operational budget for next year’s Olympic Games in Rio de Janeiro but not construction contracts for the Olympic venues.

Earlier this week insidethegames revealed that FIFA's acting secretary general Markus Kattner had highlighted “major deficiencies” and that beneficiaries of FIFA’s $350 million (£233 million/€322 million) Financial Assistance Programme are falling down on basic record-keeping requirements.

“Recent incidents have shown that, in the interest of the credibility of all sports organisations immediate action to reinforce good governance is necessary,” Bach said.

The development comes as part of the IOC’s attempt to ensure the “protection of clean athletes in sport” amid the doping crises which has engulfed athletics in recent times, leading to the suspension of Russia by the International Association of Athletics Federations for alleged involvement in “state-supported” doping.

It is hoped the good governance structures being implemented will help prevent future corruption and doping scandals by enhancing the transparent nature of sports organisations.

The organisation had already revealed the International Institute for Management Development (IMD), based in Lausanne, will undergo a review process of the current standards of governance within the IOC.

IMD are due to present their findings for consideration in March, coming after they conducted an extensive analysis, which includes interviewing all members of the Executive Board as well as the IOC’s external stakeholders.

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