We were established as a Trading Fund in April 2008. Our Framework Document sets out our Governance arrangements with the FCO. As a Trading Fund we operate according to government and commercial best practice.
Ultimate responsibility for FCO Services as an organisation, rests with the Secretary of State for Foreign and Commonwealth Affairs, who delegates the responsibility to an FCO Minister.
Our Chief Executive is responsible for the day to day organisation and management of FCO Services and as 'Accounting Officer‘, is responsible and accountable to Parliament for the use of public money and assets. The Chief Executive is also accountable to the Minister for performance against agreed targets.
Our Board oversees our strategic management. The board is made up of the Chief Executive, Executive Directors and part-time Non Executive Directors. It reviews our strategic options, sets corporate policy, and monitors our performance at a corporate level.
Our Audit Committee supports the Board and Chief Executive on issues of risk, control, governance, and associated assurance.
Our Executive Committee supports the Chief Executive by taking ownership of the administration and operation of the organisation, its use of resources and performance in accordance with the business plan.