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  3. Corporate Governance Framework

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Corporate Governance Framework

Our corporate governance framework sets out the necessary responsibilities and procedures that guarantee we operate properly.

Published
29 October 2021

Last updated
27 February 2023 - Changes

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  1. Contents
  2. Appendix 7 – Financial regulations and delegations
  3. Banking and cash

Banking and cash

31. The Chief Executive is responsible for ensuring that the Commission’s banking arrangements are in accordance with the requirements of Government Accounting. 32. The opening of all new bank accounts, and nomination of authorised signatories, can only be undertaken following the specific authority of the Board of Commissioners.

33. The Chief Executive has delegated responsibility for opening any bank account in the name of the Commission.

34. The banking arrangements of the Commission shall be reviewed at regular intervals of approximately three years.

35. The Chief Executive must advise the bankers in writing of the conditions under which the accounts are to be operated.

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