Corporate Governance Framework Treasury’s Corporate Governance Framework provides an outline of how Treasury’s corporate governance principles and strategies interact with the Northern Territory Public Sector (NTPS) values, and Figure 3: Corporate Governance Framework Corporate Governance Principles Northern Territory Public Sector Values The key principles that Treasury considers when Commitment to Service: The NTPS is professional, making decisions and taking action on daytoday hardworking, effective, innovative and efficient, operations are: working collaboratively to achieve the best results for the Northern Territory. Accountability: Treasury and its staff take responsibility for their decisions and actions; Ethical Practice: The NTPS upholds the highest standards of practice and acts with integrity in all Transparency: decisions, actions and advice are that open to, and can withstand, the scrutiny necessary it does. to ensure that stakeholders can have confidence in Treasury decisionmaking processes; Respect: The NTPS respects all people, and in particular their rights as individuals. Leadership: modelling and fostering behaviour that supports NTPS values, inspires and influences Accountability: The NTPS is transparent and others and shapes organisational culture; accountable in all its actions. Integrity: actively promoting honesty and ethical Impartiality: The NTPS is apolitical and provides the conduct by upholding appropriate standards of Government with advice that is objective, timely and behaviour; and based on the best available evidence. Equity: fairness and equity in decisionmaking that is Diversity: The NTPS values the diversity of its free from bias. workforce as well as the Northern Territory population it serves. Strategic To provide quality analysis and public policy To provide effective management and public advice on economic and commercial issues. sector superannuation. To maintain and develop effective To provide a fair and efficient Territory revenue intergovernmental financial relations. system. To produce a budget and financial management To develop the capability of Treasury and its system that supports stable and sustainable people. economic growth.
Corporate Governance Framework Treasury’s Corporate Governance Framework provides an outline of how Treasury’s corporate governance principles and strategies interact with the Northern Territory Public Sector (NTPS) values, and Figure 3: Corporate Governance Framework Northern Territory Public Sector Values Commitment to Service: The NTPS is professional, hardworking, effective, innovative and efficient, working collaboratively to achieve the best results for the Northern Territory. Ethical Practice: The NTPS upholds the highest standards of practice and acts with integrity in all that it does. Respect: The NTPS respects all people, and in particular their rights as individuals. Accountability: The NTPS is transparent and accountable in all its actions. Impartiality: The NTPS is apolitical and provides the Government with advice that is objective, timely and based on the best available evidence. Diversity: The NTPS values the diversity of its workforce as well as the Northern Territory population it serves. Corporate Governance Principles The key principles that Treasury considers when making decisions and taking action on daytoday operations are: Accountability: Treasury and its staff take responsibility for their decisions and actions; Transparency: decisions, actions and advice are open to, and can withstand, the scrutiny necessary to ensure that stakeholders can have confidence in Treasury decisionmaking processes; Leadership: modelling and fostering behaviour that supports NTPS values, inspires and influences others and shapes organisational culture; Integrity: actively promoting honesty and ethical conduct by upholding appropriate standards of behaviour; and Equity: fairness and equity in decisionmaking that is free from bias. Strategic To provide quality analysis and public policy advice on economic and commercial issues. To maintain and develop effective intergovernmental financial relations. To produce a budget and financial management system that supports stable and sustainable economic growth. To provide effective management and public sector superannuation. To provide a fair and efficient Territory revenue system. To develop the capability of Treasury and its people.
AR-DTF-1415.docx