Our Governance
We believe that strong governance is crucial to achieving our mission and ensuring transparency, accountability, and trust with our funders, beneficiaries, and stakeholders. Here’s how our governance model is structured:
Board of Trustees
Our Board of Trustees is the governing body of Korea Future. Comprised of dedicated volunteers with diverse backgrounds and expertise, the Board have independent control over, and legal responsibility for, Korea Future's management and administration. They advance the purposes of the organisation for the public benefit, ensure compliance with our governing document and UK and Dutch law, act and make decisions in the organisation's best interests, manage our resources responsibly, and ensure we comply with statutory accounting and reporting requirements. They oversee our directors’ work, meeting quarterly as a board and monthly with the directors.
Senior Leadership Team
Our Senior Leadership Team is responsible for high-level oversight of programmes, assessing collated information to help identify and overcome challenges, and gathering information from programme managers concerning progress, staff, and partners.
Programme Managers
Our Programme Managers are responsible for the day-to-day operations of our programmes, implementing the strategies and policies approved by the Board and overseeing key areas such as programme staff, programme delivery, and communications.
Transparency and Accountability
We are committed to transparency and accountability in all our operations. We publish our annual reports and financial statements on our website, providing a detailed account of our activities, achievements, and financial health. Additionally, we adhere to the regulatory requirements set by the Charity Commission for England and Wales and the Dutch Tax Administration, ensuring that we operate with integrity and in the best interest of our charitable and public objectives.
Legal (United Kingdom)
Korea Future is a Charitable Incorporated Organisation under UK Charity Law. Please see here for our governance, governing documents, and accounts and annual returns. We are registered with the Fundraising Regulator and adhere to the Code of Fundraising Practice that sets the standards that apply to fundraising carried out by all charitable institutions and third party fundraisers in the UK.
Legal (Netherlands)
Korea Future is a Algemeen Nut Beogende Instelling, or Public Benefit Organisation, in the Netherlands. Find more information here. In accordance with transparency conditions, see here for our report.
Legal (Republic of Korea)
Korea Future is a Liaison Office in the Republic of Korea and is regulated under Korean law.
Living Wage
Korea Future has been accredited as a living wage employer by the Real Living Wage Foundation. This means that all staff, including contractors, receive above the minimum hourly wage set by the Real Living Wage foundation each year. The real Living Wage is the only rate calculated according to the costs of living. It provides a voluntary benchmark for employers who wish to ensure their staff earn a wage they can live on, not just the government minimum.
Organisational Chart
Our high-level organisational chart sets out the key structures and roles of staff in the organisation (coming soon).