Code of Corporate Governance
Pages in Code of Corporate Governance
- 1. You are here: Document history and introduction
- 2. Principle 1, 2 and 3
- 3. Principle 4 and 5
- 4. Principle 6 and 7
1. Document history and introduction
Document history
| Version | Date | Author | Change description | Reviewed and approved by |
|---|---|---|---|---|
| 1 | 17/03/20 | Alex Berry | First draft | Corporate Governance Group |
| 2 | 07/09/20 | Alex Berry | Confirming updates | - |
| 3 | 11/09/20 | Alex Berry | Updates following GTG on 10/09/20 | Governance Task Group Audit Committee |
| 4 | 30/11/21 | Alex Berry | Updated after review by CGG and GTG | Audit Committee |
| 5 | 07/12/22 | Alex Vine | Updated after review by CGG | Audit Committee |
| 6 | 6/12/23 | Alex Vine | No changes | Audit Committee |
| 7 | 4/12/24 | Alex Vine | Inclusion of plain-English summaries of each item of 'evidence' listed under each principle. Updated hyperlinks to supporting evidence. Added reference to Environmental Sustainability Strategy under principle 3. | Corporate Governance Group and Audit Committee |
Introduction
Corporate Governance is about how the Council ensures that it is doing things right, in the right way, for the right people. It enables the Council to define and pursue its visions effectively in a timely, inclusive, open, honest and accountable manner.
Each local authority is required to develop and maintain an up-to-date Code of Corporate Governance and to prepare an Annual Governance Statement in order to report publicly on its compliance with the Code.
The council’s Code of Corporate Governance has been developed in accordance with the seven core principles that should underpin the governance framework of a local authority, as outlined in the CIPFA/SOLACE guidance “Delivering Good Governance in Local Government: Framework 2016 Edition.”
The seven principles of good governance are:
- Behaving with integrity, demonstrating strong commitment to ethical values and respecting the rules of law.
- Ensuring openness and comprehensive stakeholder engagement.
- Defining outcomes in terms of sustainable economic, social and environmental benefits.
- Determining the interventions necessary to optimise the achievement of the intended outcomes.
- Developing the Council'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.
Code of Corporate Governance
The information set out in the framework within this code demonstrates that the Council continually seeks to ensure it remains well governed and that to deliver good governance the Council must always seek to achieve its objectives whilst acting in the public interest.
Monitoring
The Code of Corporate Governance is reviewed annually by:
- Corporate Governance Group (Officer group)
- Group Leaders (Member group)
- Audit Committee
as part of the preparation of the Annual Governance Statement.