Financial and Performance Management Standard 2019

A department’s accountable officer or a statutory body must ensure a governance framework appropriate for the department or statutory body is established and maintained.

Governance, for a department or statutory body, is the way the department or statutory body manages the performance of its functions and operations.

Governance—

incorporates—

the cultural and operational aspects of a department or statutory body that are influenced by its actions and decisions; and

the ethics principles for public officials under the Public Sector Ethics Act 1994, section 4; and

includes the concepts of—

openness, integrity and accountability; and

due care; and

public defensibility; and

includes establishing and maintaining a performance management system, a risk management system and an internal control structure.