Corporate Governance relates to the framework that the Council has in place to ensure compliance with the legal and ethical requirements set out in the CIPFA/SOLACE guidance "Delivering Good Governance in Local Government Framework 2016"
This guidance is built around the following principles: -
- Behaving with integrity, demonstrating strong commitment to ethical values, and respecting the rule of law.
- Ensuring openness and comprehensive stakeholder engagement.
- Defining outcomes in terms of sustainable economic, social and environmental benefits.
- Determining the interventions necessary to optimize the achievement of the intended outcomes.
- Developing the entity’s capacity, including the capability of its leadership and the individuals within it.
- Managing risks and performance through robust internal control and strong public financial management.
- Implementing good practices in transparency, reporting, and audit to deliver effective accountability.
The Local Code of Corporate Governance states the Council's approach to achieve compliance with these principles and identifies the key policy areas and procedures that will compose the core of this process.
Responsibility for compliance with Corporate Governance rests with everybody in the organisation. The Constitution of the Council sets out the responsibilities of Members and Officers and these are contained within the responsibilities section of the Constitution.
The Council has an Audit Committee that receives reports relating to all Governance matters and in doing so provides independent assurance to the Council on control environment.
The Director of Finance and Transformation has a legal responsibility to ensure that arrangements exist for the proper administration for the financial affairs of the Council.
Under the Accounts and Audit Regulations there is a requirement for the Council to have proper internal controls, risk management and an effective internal audit. This assurance is underpinned by the work of the Internal Audit and Investigations Sections.
Every year the Council is required to produce an Annual Governance Statement, which can be found in the Statement of Accounts.