Audit of Loan and Investment Program

Audit of Governance and Performance June 2008 Management Response and Action Plan Expected Recommendation Action Plan Responsibility Completion Date 1. The Executive Committee is effective but with the recent The Deputy Minister supported by the DG Deputy Minister and DG September 2008 application of so many emerging demands, it is suggested that the Corporate Service will commission a review Corporate Services Executive Committee consider a self-assessment and further of the corporate governance structure to delegation of some duties. ensure relevance and effectiveness in light of changes in accountability, PS Renewal, MAF, MRRS and HR Modernization. WD will explore and consider the development of a self-assessment survey tool to allow members of Executive Committee to continuously improve operating effectiveness. 2. In the fall of 2007, terms of reference were established for the The DG Corporate Services in consultation DG Corporate Services September 2008 Executive Committee and seven other senior management with the respective Chairs of the corporate committees. Senior management needs to assess the purpose, committees will make recommendations to membership, roles and responsibilities of all of these committees Executive Committee regarding: Terms of in relation to each other to determine if the current committee Reference, Linkage with Executive structure is effective in helping the department achieve its Committee and Membership. ...