Elements and Performance Criteria
- Review corporate governance requirements
- Identify and analyse corporate governance and ethical requirements to determine application to operations
- Access clarifications on application of corporate governance requirements from authoritative and recognised sources
- Review and develop internal control procedures, reflecting application of corporate governance requirements to internal operations
- Implement operating procedures
- Maintain and review financial delegations and accountabilities to ensure consistency and compliance with internal control procedures
- Produce, review and distribute required reports within agreed timelines
- Develop timetables for implementation of corporate governance requirements in consultation with stakeholders
- Detail and document internal control procedures in standardised formats to promote consistency of use
- Monitor policy
- Develop applications of corporate governance requirements from published sources or recognised practices
- Develop and report on performance indicators to evaluate compliance with internal control procedures
- Identify and evaluate variations in adoption of corporate governance requirements in operations to determine causes
- Develop and implement modifications to procedures to facilitate compliance with internal control procedures