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LOWER SEVERN (2005) INTERNAL DRAINAGE BOARDGovernance and Probity Meeting Wednesday 1st February 2023 LSIDB Offices/Virtual 10.30amLOWER SEVERN (2005) INTERNAL DRAINAGE BOARD TERMS OF REFERENCE OF
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Governance refers to the frameworks, processes, and practices that guide organizations in achieving their objectives, while probity relates to ensuring integrity, transparency, and accountability in decision-making and operations.
Entities that are subject to regulatory oversight or government funding, including public sector organizations, non-profits, and certain private enterprises, are required to file governance and probity.
Filling out governance and probity typically involves completing a prescribed form that details governance structures, policies, and practices, as well as disclosures about potential conflicts of interest and adherence to ethical standards.
The purpose of governance and probity is to promote ethical conduct, ensure accountability, mitigate risks, and enhance public trust in organizations.
Organizations must report details on governance structures, compliance with relevant laws and policies, any conflicts of interest, and implementation of ethical practices.
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