Remit

Finance & Governance Board

Purpose

To establish a framework to ensure that the Company complies with appropriate arrangements for corporate governance, financial management and control, risk management, and all relevant legislation.

Membership

Finance Director (Chair)
Company Secretary (Vice Chair)
Financial Accounting Manager
Legal & Compliance Manager
Procurement Manager
Head of Human Resources
Facilities Manager
Internal Audit Manager
Head of Customer Services Processing

All Executive Directors are entitled to attend the meetings.

Reporting:

The Board will report monthly to the SLC Executive Board.

The Board will receive reports from the following Sub-Boards, Forums or Groups:

Security
Fraud management
Health and safety
Business continuity
Equality
Information & Data Management

Responsibilities

The Board’s responsibilities are as follows:

Promote the highest standards of corporate governance and ethics.
Ensure the Company fulfils its current and future legal and statutory responsibilities.
Protect the Company and Stakeholders against loss of value.
Provide a safe & comfortable working environment where staff can develop and enhance their skills in an atmosphere where our Values & Behaviours are inherent.
Managing Public Money (HM Treasury principles for dealing with resources used by public sector organisations – propriety, regularity and VFM).

In carrying out these responsibilities, the Board will ensure that there are proper policies and procedures in place in the following areas (and will ensure appropriate monitoring arrangements are in place).

Corporate governance
Risk management
Fraud management
Internal controls
Financial controls (including delegated authorities and accounting policies and practices)
Managing Public Money (HM Treasury principles for dealing with resources used by public sector organisations)
Internal audit
Assurance framework
Health and safety
HR policies and procedures
Security
Business continuity

Access

The Internal Audit Manager, while being a member of the Board, will maintain their independence from management and will also have direct access to the Accounting Officer and the Chair of the Audit Committee.