Corporate Governance

Corporate Governance is the system by which organisations direct and control their functions and relate to their communities. The Greater London Authority and the four Functional Bodies (the Metropolitan Police Authority, Transport for London, the London Development Agency, and the London Fire and Emergency Planning Authority) that together make up the GLA Group have agreed a corporate governance framework for the GLA Group setting out the respective roles and responsibilities and then the ways in which the members of the Group do and should relate to each other.

Under this framework agreement the GLA has its own Corporate Governance systems to ensure that it achieves its overall purpose and outcomes and operates in an ethical, effective and efficient way. Links to the GLA corporate governance arrangements are organized under the following headings:

• How the organisation is set up
• How the organisation operates
• Standards of behaviour
• Communicating with the public and stakeholders

Each year the GLA produces a review of its governance, the Annual Governance Statement. This is incorporated in its Statement of Accounts, which is published on the website after the end of each financial year on the Accounts information page.

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