Corporate Governance Framework
Our corporate governance framework sets out the necessary responsibilities and procedures that guarantee we operate properly.
Applying the lessons learnt
20. The Commission is committed to ensuring that the threat of fraud and corruption is properly managed through the implementation and application of sound systems of internal control and supporting employee management processes.
21. In the event that fraud or corruption is discovered and subsequently acted upon by the police or internally, the Commission will take steps to ensure the lessons learnt from the event are applied to existing policies and practices. This may require:
- changes to the existing systems of internal control, for example, separation of duties, additional checks
- changing attitudes to and understanding the risks of fraud and corruption, for example, by training
- making use of the deterrence factor (of being caught and/or severity of the consequences)
- making it too difficult to commit fraud or corrupt acts.
22. In addition, the dissemination of the lessons learnt from a particular fraud event will provide a valuable learning opportunity for the Commission as a whole.
Last updated: 27 February 2023
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