4. Management and accountability
Corporate governance
Following a tender process in 2007–08, PSR engaged expert assistance to redevelop its risk management and governance plans, policies and procedures. During 2008–09, the following plans were revised and implemented:
- Strategic Business Risk Management Plan
- Fraud Risk Assessment and Fraud Control Plan 2008–10
- Protective Security Plan
- Privacy Policy
- Intellectual Property Plan.
A draft Business Continuity Plan and a Records Management Policy were prepared and will be finalised in 2009.
PSR operates two standing committees – the Audit Committee and the Management Committee.