In 2015, The International Institute for Management Development (IMD) in Lausanne, Switzerland was commissioned to draft a report on the International Olympic Committee (IOC). This report came out on Monday and outlined 33 recommendations for improving the IOC. One major area of concern was the Olympic Solidarity Commission, who are in charge of allocating over $500 million before the Tokyo Games in 2020. Unfortunately, they have a major problem since the former chairman of that panel is currently being investigated for his part in the FIF corruption scandal.
“Raise awareness and increase understanding of conflicts of interest… Extend the scope and reach of ethics training… Give the IOC Ethics Commission more independence to investigate cases of ethical misconduct, thus improving its efficiency… Strengthen sanctions for non-compliance in cases of conflicts of interest … regularly review the member nomination process to continuously reinforce quality and independence of membership… [and also] revise and extend ‘Basic Universal Principles of Good Governance’.”
“The IOC occupies a visible space in the sports world and beyond, and with this comes great responsibility. While in most areas, the IOC is building on the solid governance structures and processes strengthened by Olympic Agenda 2020, introducing reinforced practices in certain areas
will enable it to build its resilience and leadership position, fulfill its mission to society in its fullest and serve as a best-in-class example in a global arena in need of positive governance examples. ”
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