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Report to Joint CommitteeElectoral Ward AffectedMeeting to be held on 20 June 2016ALLthReport submitted by: Director of Corporate Services (Preston City Council)SHARED SERVICE ANNUAL GOVERNANCE STATEMENT

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How to fill out shared serviceannual governance statement

01

Review the annual governance statement template provided by the shared service provider.

02

Fill in all necessary information related to governance processes, controls, and compliance activities.

03

Provide details about how the shared service provider monitors and reports on governance performance.

04

Ensure all sections of the annual governance statement are completed accurately and comprehensively.

05

Review the completed statement for any errors or omissions before submission.

Who needs shared serviceannual governance statement?

01

Organizations that utilize shared services for various business functions and processes.

02

Key stakeholders who require assurance on the governance and control framework of the shared service provider.

03

Regulatory bodies or authorities that may assess the effectiveness of governance practices within the shared service arrangement.

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What is shared service annual governance statement?

The shared service annual governance statement is a report that outlines the governance arrangements and financial performance of shared services between organizations, ensuring accountability and transparency.

Who is required to file shared service annual governance statement?

Organizations that participate in shared services and are subject to governance requirements must file the shared service annual governance statement.

How to fill out shared service annual governance statement?

To fill out the shared service annual governance statement, organizations should gather relevant governance data, financial performance metrics, and compliance details, and complete the standardized reporting format required by the governing body.

What is the purpose of shared service annual governance statement?

The purpose of the shared service annual governance statement is to provide stakeholders with assurance regarding the efficiency, effectiveness, and accountability of shared services provided by the organizations.

What information must be reported on shared service annual governance statement?

The report must include governance structure, risk management strategies, performance indicators, compliance with regulations, and any issues faced during the reporting period.

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