Issue - meetings

Update of the Code of Corporate Governance

Meeting: 07/12/2022 - Audit Committee (Item 30)

30 Update of the Code of Corporate Governance

That the Committee adopts the amended Code of Corporate Governance at Annex 1.

Supporting documents:

Minutes:

Each local authority was required to develop a Code of Corporate Governance and keep it up to date.

 

The Code of Corporate Governance sets out the principles of good governance and the arrangements in place to ensure that the Council conducts its business in accordance with the law and proper standards. It provides assurance that the Council was meeting best practice in protecting its assets and serving the community.

 

The Council was committed to reviewing the Code annually to ensure it remained up to date with current legislation and Council policies and practices.

 

As part of this review, the existing Code was considered by the Corporate Governance Group in October, and several changes were recommended by the Council’s Chief Finance Officer and Monitoring Officer.

 

It was recommended that:

 

A draft amended code was attached at Annex 1 of the report, including the recommended changes which included the following updates:

 

1.    To fix broken links to referenced documents under each principle.

2.    To add references to the Council’s financial sustainability programme under principles 2, 3, 4, 6, and 7.

3.    To refer to the Council’s Commercial Strategy under principle 2; and,

4.    To refer to the Council’s Asset Management Plan and IT Strategy under principle 3.

Once approved, the updated Code would be published on the Council’s website (in place of the current version) and would be referenced when drafting the Annual Governance Statement.

 

Audit Committee was asked to consider and approve the recommended updates to the code.

 

RESOLVED that the adoption of the Code of Corporate Governance as attached in Annex 1 of the report be approved.