Translating Principles into Action
The remaining sections of this guidance provide the practical advice that is needed to enable public bodies and Board members to apply the concepts of good corporate governance to their own organisations. They pull together good practice from the private and public sectors to provide guidance to Board members across the three main dimensions of corporate governance:
- Roles, Responsibilities and Relationships ( Guidance Note 3)
- Effective Financial Management ( Guidance Note 4)
- Ethics and Standards of Behaviour ( Guidance Note 5)
These guidance notes explain the meaning of these dimensions of corporate governance more fully and their relevance to you as a Board member of a public body in Scotland.