Code of Practice for the Governance of State Bodies 2009
Corporate governance comprises the systems and procedures by which enterprises are directed, controlled and managed. State bodies should serve the interests of Government as shareholder, the taxpayer, and all other stakeholders, and pursue value for money in their endeavours, including managing risk appropriately. State bodies should act prudently, ethically and with transparency as public entities and should conduct thier activities consistent with their statutory responsibilities.
High standards of corporate governance in all State Agencies, whether in the commercial or non-commercial sphere, are critical to ensuring a positive contribution to the State’s overall economic efficiency and competitiveness.
The Department of Finances Code of Practice for the Governance of State Bodies 2016, provides a framework for the application of best practice in corporate governance by both commercial and non-commercial State bodies.