Governance Compliance Audit
Why undertake an audit?
Monitoring the effectiveness of governance is a key element of good governance and a requirement of every Code of Governance. Effective governance is primarily made up of two elements - procedural governance (processes, structures, and systems) and behavioural governance (relationships, culture, and ethos).
The objective of this audit and the ensuing report is to prompt the board and the governance professional to consider whether:
- The adopted governance structure and model is fit for purpose
- The composition of the Board reflects the needs and strategic direction of the college
- There is a suitably robust induction, training and development programme, and on-going support in place for governors and the governance professional
- The institution’s governance framework and processes facilitate effective decision-making and suitable governor oversight of compliance and regulatory matters
How to undertake the audit
This audit looks at one element of effective governance, procedural governance. It focuses on the following areas:
- Statutory requirements for the Governing Body
- The work of the Governing Body
- Governor meetings
- Governance Professional arrangements
The audit will most likely be undertaken by the Clerk/Governance Professional and will result in the automated generating of a report, incorporating an action plan. This report details which criteria have been met and which have not, and rag-rates each question. The report is produced as a Word document to allow you to add details on actions – when and by whom. The report also includes links to guidance notes and relevant articles, to further support you in enhancing the governance within your institution. Acting on the outcomes of effectiveness reviews is as important as undertaking them. Therefore, it is recommended that this report is shared with the governing body.
This audit is available as part of our External Board Review package.
When to undertake the audit
There is no limitation on when or how often this audit can be undertaken. There are however several scenarios when it may be more appropriate to undertake such an audit:
- As part of the annual internal review of governance
- Before the commissioning of an external review of governance
- When a new Governance Professional/Chair is appointed (if one has not been carried out at the institution in the previous 12 months)
- Before an Internal Audit of Governance
- During the Ofsted inspection window
- Before or at the start of FEC intervention
What this audit is not
This audit does not evaluate the competency of the board or the effectiveness of the overall governance position within the institution. We do know however, that if processes, structures, and systems in the governance space are in good order, it can increase the likelihood of effective governance of the institution.
Pages from a generated report, prior to the completion of the Actioned column by the Clerk/Governance Professional, are illustrated below.