Strategic commercial interventions - initiating companies in public ownership: standard operating procedures - part 1
Provides guidance on initiating companies in public ownership to be applied in circumstances where officials are required to initiate a new public company as a public corporation or non-departmental public body (NDPB), or where an existing private company is brought under ministerial control or public ownership.
Glossary
Accountable Officers – have a personal responsibility for the propriety and regularity of the finances under their stewardship and for the economic, efficient, and effective use of all related resources. Accountable Officers are personally answerable to the Parliament for the exercise of their functions.
Portfolio Accountable Officers - are Directors-General responsible for the putting in place of appropriate framework documents for each SG Executive Agency, Non-Ministerial Office (NMO), and SG sponsored body, setting out the accountability arrangements and other relevant matters. Also, where considered appropriate to do so, recommending to the Principal Accountable Officer the designation of the senior full-time official as Accountable Officer for the sponsored body.
Principal Accountable Officer - The Permanent Secretary of SG is the most senior officer of SG and therefore is the Principal Accountable Officer (Principal AO) for the Scottish Administration in accordance with section 14 of the PFA Act. They are answerable to Parliament for the exercise of their functions like other Accountable Officers (AO’s), one of their key functions include designating Accountable Officers for “parts of the Scottish Administration” i.e.:
- Directors-General (also known as Portfolio Accountable Officers as explained above)
- the Crown Agent (for the Crown Office and Procurator Fiscal Service)
- Chief Executives (or if appropriate or a senior officer/employee of the body) of SG Executive Agencies and NMO’s
The Principal AO also designates Accountable Officers “for other public bodies” (excluding the Scottish Parliament Corporate Body) the accounts of which are by law subject to audit by or under the control of the Auditor General for Scotland (AGS) (also known as sponsored bodies). The Principal Accountable Officer is also responsible for the removal of AO status if it is concluded that the AO is no longer a fit person to carry out the role
Contact
Email: SCADPMO@gov.scot