Common use of GOOD CORPORATE GOVERNANCE Clause in Contracts

GOOD CORPORATE GOVERNANCE. It is accepted that good governance practise will be adhered to by all committee members. Good corporate governance focuses on trust; stakeholders from both Staffordshire and West Midlands must trust that the Committee members will exercise their fiduciary and legislative duties of care and loyalty to the police forces and the public they serve when monitoring, ratifying and sanctioning management decisions. As well, Committee members must trust that Senior Managers of the interdependencies to Firearms and Explosives Licensing outside the meeting structure are managing their affairs within the police forces competently and with integrity. The sole measure, and the definition for ‘good corporate governance’, should be the level of trust and confidence the executives have in the board’s effectiveness to establish and maintain this chain of trust. All principles within the Agreement will be reviewed by this governance arrangement periodically and maybe subject to change.