The Indian Olympic Association is set to create a legal team to streamline the functioning of the organisation and handle the multiple issues as new leadership takes over. Similarly, the IOA is also to find a new CEO to help matters and solve the issues hindering the Association's smooth functioning. The hire of a CEO will also help the IOA function as a more professional organisation.
The IOA released a statement on Friday stating that a decision had been taken to bring back the current auditors M/S Dinesh Mehta & Co for the financial year 2022-23, and also employ “a new auditor for an internal forensic audit to get things right from the beginning”.
The new IOA setup, accompanied by Indian sports legend PT Usha as its president, was recently formed and the “office-bearers are keen on setting up a smooth system of operations with the national sports federations (NSFs)”.
The IOA has been restructured with multiple Indian athletes, who have represented the country at the highest level, to improve the condition of current athletes in the country. The Association has also contacted the different national sports federations to settle their accounts with the national sports governing body by March of next year.
As mentioned earlier, for bringing more professionalism to the organization, the IOA has also started a process to hire a new CEO. In the interim period, IOA’s new joint secretary, Kalyan Chaubey, will be the acting CEO of the organisation.
The statement released by the IOA confirmed this plan of action and further stated that the organisation, as per the guidelines will be looking for a new CEO. The statement said, “A CEO will be hired as per the constitution of IOA by forming a commission, which will select and also advertise for the same. As per the order and guidelines of Hon. Supreme Court Jt Secretary, IOA’s Kalyan Chaubey will discharge the duties of CEO till the new appointment,”
With the streamlining of the IOA executive committee, the CEO will also work towards getting sponsorship deals for the organisation in the future. The IOA is set to initiate the Foreign Contribution Regulation Act (FCRA).
