Football Association chairman Greg Clarke insists his organisation remains committed to reform despite being hit with a vote of no confidence from Parliament.
The FA has faced repeated criticism its board is failing to reflect and represent the diversity of the game and its governance was debated by MPs on Thursday, culminating in the embarrassing vote.
The motion is not binding but increases pressure on the governing body. The FA risks losing the majority of a £30m grant for 2013-17 if plans for reform, due to be submitted by the end of March, are not approved by sports minister Tracey Crouch.
Crouch warned the FA against playing "Russian roulette" with public money while Culture, Media and Sport Select Committee chairman Damian Collins said the organisation was now in "Fergie time" in terms of needing to change.
Clarke said: "I watched the debate and respect the opinions of the MPs.
"As previously stated we remain committed to reforming governance at the FA to the agreed timescale of the minister."