Adoption Act 2010
Code of governance. |
111.— (1) As soon as practicable after the Authority is established, it shall submit to the Minister for approval a code of governance that includes an outline of— | |
(a) the guiding principles applicable to the Authority as a public body having the functions described in section 96 , | ||
(b) the structure of the Authority, including the role and responsibilities of the Authority and the chief executive officer, | ||
(c) the processes and guidelines to be followed to ensure compliance with the reporting requirements imposed on the Authority by or under this Act, and | ||
(d) the Authority’s internal controls, including its procedures relating to internal audit, risk management, public procurement and financial reporting. | ||
(2) The Authority shall review the code of governance periodically at the times that may be specified by the Minister and shall revise the code as the Authority considers appropriate. | ||
(3) In preparing or making revisions to the code of governance, the Authority shall have regard to any direction given by the Minister under section 107 . | ||
(4) Following the Minister’s approval of the code of governance or of any revisions to it, the Authority shall arrange for the publication of the code or the revised code. | ||
(5) The Authority shall indicate in its annual report its arrangements for implementing and maintaining adherence to the code of governance. |