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Transcript of Www.cipfa.org CIPFA’s new Governance Mark of Excellence Presentation to CIPFA NW Region 2 October...
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www.cipfa.org
CIPFA’s new Governance Mark of Excellence
Presentation to CIPFA NW Region2 October 2014
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www.cipfa.org
Aim of this session
To become familiar with the Mark of Excellence as a development tool to improve governance in public bodies
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Presentation structure
Governance- top of the agenda CIPFA’s governance portfolio Excellent governance and assessment Benefits & pitfalls of accreditation Next steps
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Governance – high on the agenda
Governance revolution Growth in public accountability Rising public expectations ‘Professionalisation’ of Boards Branding of failures
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CIPFA – the place to go
Broad governance portfolio Professional standing Regional, national and international
coverage Captive market
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What is excellent Governance?
Lots of generic governance guidance and standards
The Good Governance Standard for Public Bodies(2004) Corporate Governance in central government departments – code of
good practice HMT (2011) ‘Essential Skills for Board Members’ CIPFA (2011) CIPFA/IFAC Standards (2014)
Lots of specific governance guidance
Sectoral guidance e.g. higher educationCodes of conductAudit Committees
Accounts Direction and Financial Memorandum‘It takes two’ – PCF & Institute for Government
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www.cipfa.orgCIPFA/IFAC Principles
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Principles of good governance (CIPFA/IFAC) Demonstrating strong commitment to integrity and ethical
values Ensuring openness and comprehensive stakeholder
engagement Defining outcomes in terms of economic, social and
environmental benefits Determining the interventions necessary to optimize the
achievement of intended outcomes Developing leadership capacity and capability Managing risk and performance through robust controls and
strong PFM Implement good practice in transparency, reporting and audit,
to deliver effective accountability
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Can good governance be sensibly assessed?
Some basic principles: Depth of assessment Breadth of assessment Objectivity of assessment
Best to be proactive rather than reactive
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CIPFA’s new Governance Mark of Excellence
Pre-assessment check – web-based self assessment to get on the starting grid
In-depth assessment: Desk research Questionnaires Interviews Analysis, including professional judgement Automated scoring of findings Conclusions and reporting Regular review
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…..but, beware potential pitfalls
Dynamic and fast-changing environment
Risky, not immune from weakness Resource intensive? Adding to bureaucracy…yet another
return!
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What is the incentive –why bother?
Lighter touch regulation/inspection ‘Earned autonomy’ and more strategic
freedom External recognition Demonstration of strong leadership Credibility with stakeholders Setting a standard for others
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In summary
Demonstrating good governance is increasingly important
Good governance can be identified Public bodies are increasingly
becoming more proactive than reactive
Accreditation of good governance can move public bodies to a new level of assurance
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Conclusion
Questions/further discussion
Thanks for attention, participation and feedback
Feel free to follow me on Twitter @mungavin_steve