Statement of Intent 2007-10: Part one - Setting the scene
Governance and risk management
Our senior management team
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Figure 1
Our structure
Governance
Inland Revenue is a large and complex organisation and we have developed a strong governance framework that oversees all our business functions at an appropriate level. There are two governance boards that focus on specific areas.
The Commissioner chairs the:
- Executive Board - which examines longer-term strategy, ethics, strategic risks and progress towards our desired future and outcomes
- Management Board - which focuses on and manages major operational issues (such as high-level business outcomes and outputs, performance risks and engagement survey results).
There are three committees, chaired by either a Deputy Commissioner or the Chief Tax Counsel:
- Project Governance and Investment Committee - which oversees the approval, initiation and implementation of significant projects
- Technical Issues Committee - which facilitates the coordination of departmental activity on key tax issues
- Risk and Assurance Committee - which provides the Commissioner with independent assurance on the effective and efficient discharge of his statutory responsibilities and accountabilities. This Committee has an independent chairperson.
Risk management
Achieving our outcomes depends on identifying and treating risks. We do this through strong governance structures and sound risk management and integrity frameworks.
Our risk management framework is built around the AS/NZS 4360 Risk Management Standard, which focuses on identifying, analysing and managing risks. The framework:
- is integrated with our planning process
- applies to strategic and operational initiatives and projects
- allows us to better identify organisational risks and opportunities, and develop mitigation strategies
- includes a strong assurance focus that supports a number of the governance committees in fulfilling their roles.
We manage risks by working through our governance boards and committees. For example, governance reports prepared for the Risk and Assurance Committee and the Project Governance and Investment Committee ensure that:
- all projects identify risks, develop mitigation strategies and actively manage them. The Committee requires key projects to deliver project quality reviews to ensure they comply with internal and external standards.
- all strategic, business, investment, organisational, project, technology and environmental risks are assessed.
- the risk management process itself is monitored and assessed to make sure that it is effective.
Date published: 08 Jun 2007
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