Corporate governance is the term used to describe the way in which organisations are directed, controlled and led. It defines relationships, accountability and responsibilities in the organisation and determines the rules and procedures through which the organisation sets and monitors performance against its aims and objectives.
Corporate Governance Framework and System of Internal Control
The main elements that make up the Corporate Governance framework and system of internal control for the Welsh
Parliament (the Senedd) are:
Effectiveness of Governance and Internal Controls
There are a number of ways the effectiveness of the governance and internal controls of the Senedd are assessed: