As a world governing body, FIFA must full fill numerous different requirements. FIFA has played a pioneering role amongst international sporting federations in the area of governance, issuing regulations and reports (e.g. the FIFA Financial Report) in close cooperation with legal and accounting specialists.
To ensure a separation of powers, the independent Ethics Committee, established as the third judicial body under the FIFA Code of Ethics, is responsible for watching over the entire football community and helping to tackle current challenges in football such as illegal betting, bribery and other prohibited activities. Under the Code of Ethics, disciplinary sanctions can be imposed on offending officials, players, players’ agents and match agents.