Registered providers shall …
How Accord delivers against these requirements
“ Have performance management and scrutiny functions which are effective at driving and delivering improved VFM performance .” n The Accord Board and the Executive Board at each meeting receive a range of evidence based assurance reports to measure and scrutinise performance in the context of agreed targets . n Accord has an embedded , mature and agile approach to risk management , owned at a Board level which includes regular reviews of risk appetite . The Risk Register informs Accord ’ s annual internal audit plan . n Accord ’ s Internal Audit function undertakes a series of reviews as part of an approved plan of work as identified by the Finance , Risk and Audit Committee . These reviews identify , where appropriate , performance improvement observations and recommendations and improvement in internal controls . An additional layer of challenge and scrutiny is provided by the FRAC . n Accord ’ s senior management team has been tasked with undertaking a series of shortlife performance improvement projects . These are designed to quickly implement change management process to improve performance . n Monthly management accounts and budget monitoring reports are prepared and scrutinised at a corporate , management and budget-holder level . Support and intervention by Finance colleagues is undertaken as deemed necessary . n People management processes include an appraisal framework which measures performance against agreed objectives . There is a clear alignment with the business plan strategic objectives , ensuring there is a clear line of sight between corporate and personal objectives . n The Board measures its own performance through robust reviews of the Code of Governance ( NHF ) and compliance with Regulatory Controls . n A Board approved VFM strategy and implementation plan is in place to ensure delivery of key objectives . The VFM strategy has clear alignment to the business plan objectives and is reported to Board . n Contract management and review processes are in place to assess spend and quality management matters . To ensure full value added is driven from all outsourcing arrangements , contracts are managed closely by senior management colleagues with regular reviews of performance , outputs , and liaison as required . n The Chief Executive and Executive Director of Resources carry out performance reviews of services to scrutinise and challenge current performance as well as to understand key priorities for those services in the short and medium term . n Board members act as sponsors or champions on specific areas of work ensuring that the Accord offer benefits from wider private sector and other expertise .