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Reinforcing the principles of Good Governance 7 November 2005

    THE Isle of Man Government’s commitment to the principles of good governance – including openness, integrity and accountability in dealing with public funds and public services – is re-stated in a document published today (November 4, 2005).

    The ‘Corporate Governance Principles and Code of Conduct’, to be moved for approval at the November Tynwald by Chief Minister Donald Gelling MLC, sets out the ethical standards that should be respected by politicians and officers across government.

    Mr Gelling called for a renewed emphasis on corporate governance issues when he was elected as Chief Minister in December last year.

    He explained today:

    ‘Corporate governance is a recognised concept in both public and private sector organisations. It is about doing things properly in accordance with clearly stated standards and principles. It is also important to support public confidence in organisations, and to uphold their credibility and reputation.
    ‘In the case of a national government, examples of good corporate governance include communicating with the public, having the right controls in place to safeguard public funds, and ensuring there is no bias or conflict of interest in decision making.’

    The Chief Minister concluded:

    ‘These things are not new to the Isle of Man Government, and they are the standards that the public already expects us to follow. But it is useful to have the guiding principles clearly set out in one document as a reminder of the rules that Government should respect.’

    7th November 2005

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