Corporate governance has become increasingly important throughout society, since effective governance is the cornerstone of well-managed organisations whether they are in the public, private or voluntary sectors.
The Audit Commission aims to ensure that it maximises the impact of its work, while discharging its statutory duties. In doing so, it seeks to be a model of excellent corporate governance, so as to set the standards it expects of others through its own example and to earn the confidence of its stakeholders.
This corporate governance framework lays down the necessary responsibilities and procedures that are the foundations for an excellent organisation. It was originally approved by the Board of the Commission on 15 July 2004 and is reviewed annually to ensure it remains at the forefront of best practice. It is published on the Commission’s website as part of our commitment to openness and accountability.