1. The Senedd Commission has adopted the following governance principles and supporting provisions. Together they are intended to help instil an effective operational culture throughout the organisation which, in turn, will aid the process of managing key business risks.
2. The principles and supporting provisions are consistent with the HM Treasury's Corporate Governance Code of Good Practice, the UK Corporate Governance Code and the International Framework: Good Governance in the Public Sector and they will be used to guide the work of the Senedd Commission and its staff.
3. Corporate governance is the way in which organisations are directed, controlled and led. It defines relationships and the distribution of rights and responsibilities among those who work with and in the organisation, determines the rules and procedures through which the organisations objectives are set, and provides the means of attaining those objectives and monitoring performance. Importantly, it defines where accountability lies throughout the organisation.
4. The Commission is established as a corporate body to provide property, staff and services required for the Senedd's purposes. The Senedd, and the people of Wales that it represents, are therefore key stakeholders and it is incumbent on the Commission to engage with them to ensure that it provides the highest possible standard of service. Good governance is central to the effective operation of the organisation. The Senedd is not a profit making corporation, but does need to be business-like and operate according to recognised precepts of good governance:
- leadership – articulating a clear vision for the organisation and giving clarity about how activities contribute to achieving this vision, including setting risk appetite and managing risk;
- effectiveness – bringing a wide range of relevant experience to bear, including through offering rigorous challenge and scrutinising performance;
- accountability – promoting transparency through clear and fair reporting; and
- sustainability – taking a sensible, long-term view about what the organisation is trying to achieve and what it is doing to get there.
5. Schedule 2 of the Government of Wales Act 2006 sets out principles in accordance with which its functions are to be exercised. They are that:
- The Senedd Commission must make appropriate arrangements with a view to securing that its functions are exercised with due regard to the principle that there should be equality of opportunity for all people.
- In the exercise of the functions of the Senedd Commission due regard must be had to the principle of promoting sustainable development.
- In the exercise of the functions of the Senedd Commission effect must be given, so far as is both appropriate in the circumstances and reasonably practicable, to the principle that the English and Welsh languages should be treated on a basis of equality.