Resource Governance

Transparency and accountability are the cornerstones of our work.

Below is an outline of the measures we have in place to ensure proper governance:

1. Fund and Project Management
    World Vision manages all projects and donations independently and there are rigorous precedures
    to ensure the proper use of donations. Before supporting a project, World Vision Malaysia ensures
    the availability of funding and appraises the project plans and budgets based on the needs 
    assessments. All funding and budget commitments follow World Vision's standard policies and 
    procedures and are monitored by World Vision Malaysia as well as the World Vision office in the
    project country. After a project is completed, an evaluation is performed to assess the 
    effectiveness and efficiency of the project for future improvement.

2. Cost Control
    Our operations are bounded by strict cost controls. Internal policies and procedures on 
    expenditure are in place to ensure that every dollar raised is properly used. During this past year,
    only 11% of annual income was spent on administration and fund-raising, while 89% of our 
    income was used for international relief and community development programmes as well as local
    charities.

3. Audit Committee
    The Committee comprises three members; Mr Gary Soon Thiam Lam (Chairman), Ms Christine 
    Ong May Ee and Rev Dr Tan Jin Huat. The Committee considers the appointment and audit fee of 
    the external auditor, discusses internal and external audit matters, and reviews the annual
    financial statements and internal control system.

4. External and Internal Audit
   World Vision Malaysia has appointed Russ Ooi and Associates to perform the annual financial audit.
  
   To ensure project quality and the proper use of funds and that internal monitoring mechanisms 
   are properly in place, the World Vision International Office and the project offices around the world
   have established their own internal audit department. Annual audits and operational audits are
   performed regularly.

Annual Reports From Previous Years

If you would like more information on World Vision's activities over the last few years, please download our most recent annual reports:

2009 Annual Report in English (1.0MB) or Chinese (1.5MB)
2008 Annual Report in English (2.1MB) or Chinese (3.2MB)
2007 Annual Report in English (1.5MB) or Chinese (1.9MB)
2006 Annual Report in English (1.8MB) or Chinese (1.8MB)
2005 Annual Report in English (2.2MB) or Chinese (4MB)