ACCA Strategic Professional · Strategic Business Leader · Public sector governance
The board of a publicly funded university wants to strengthen governance in line with common public sector frameworks. It proposes publishing its conflicts of interest register, requiring members to follow a code of conduct based on selflessness, objectivity and honesty, and holding open meetings. Which area of governance do the first two measures chiefly support?
They chiefly support integrity and ethical conduct of people in public office. A conflicts of interest register and a code based on selflessness, objectivity and honesty promote proper personal standards and trust. Shareholder value, cost leadership and risk transfer through insurance are not what these measures address.
- AIntegrity and ethical conduct of those in public officeCorrect
- BShareholder value maximisation
- CCost leadership strategy
- DOperational risk transfer through insurance
Explanation
A conflicts register and a code built on selflessness, objectivity and honesty address the personal standards of those holding public office, i.e. integrity. Shareholder value, cost leadership and insurance are unrelated to the measures described.
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