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We manage individual conflicts of interest in accordance with best practice and the code of governance, which is set out in a number of papers that are linked to our board meetings.
Why do we do that, and does it have a purpose? Section 6.3.11 of the code of conduct states:“The Committee will also consider whether the purpose of a proposed Group overlaps the remit of an existing Group.
After the end of the financial year, after self-assessment and all the rest of it is collected, HMRC will work out, based on S codes and a variety of other things, what amount of that relates to Scotland.
Maybe a better reference is to the steps that the “Code of Good Governance for Scotland’s Colleges” sets out for the board of management to take so that the voice of students is central, given the importance of corporate and social responsibility.
As we move forward, we need to look at a more robust system for breaches of the ministerial code—we touched on that slightly in the ministerial statement that came before the stage 3 proceedings this afternoon.
The SFC has a function to fulfil to ensure that that is carried out correctly and in line with the Scottish public finance manual and the “Code of Good Governance for Scotland’s Colleges”.
There are some activities where the data clearly shows that Scotland does very well—I am thinking of fintech, which is at the intersection between financial services, technology and consultancy—but that do not fit neatly into the Office for National Statistics categorisations. When the ONS set up the business codes, something like fintech did not exist as a...