Source: https://tendernation.io/opportunities/01a13cab-a159-7106-b9f9-c1e462fab8e6/board-performance-review awarded GB open procedure Suitable for SMEs # Board Performance Review [The Financial Reporting Council Limited](https://tendernation.io/buyers/the-financial-reporting-council-limited) Estimated value £45,000 to £65,000 Published 25 Sept 2023 Deadline Closed 16 Oct 2023 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender ### THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management. As the Competent Authority for audit in the UK, the FRC sets auditing and ethical standards and monitors and enforces audit quality. ### Role of the Board The Board of the Financial Reporting Council (FRC) is made up of non-executive and executive directors and is collectively responsible for the long-term success of the FRC. All Board Members, including the CEO and Chairman, are appointed by the Secretary of State for Business and Trade. The Board's role is to provide strategic leadership of the FRC within a framework of prudent and effective controls which enables risk to be assessed and managed. The Board sets the FRC's strategic aims, ensures that the necessary financial and human resources are in place for the FRC to meet its objectives and reviews management performance. The Board also sets the FRC's values and culture and ensures that its obligations to its stakeholders and others are understood and met. All directors must act in what they consider to be the best interests of the FRC, consistent with their statutory duties. The Board delegates some of its responsibilities to its five Committees to carry out on its behalf. Further information about the FRC Board role and structure can be found on our website [frc.org.uk](https://www.frc.org.uk/about-the-frc/structure-of-the-frc/frc-board) The FRC is seeking an independent external Board effectiveness review provider to objectively assess the effectiveness of the Board. The review to focus on: • The composition and structure of the Board and its Committees. • The effectiveness of the Board and its Committees at agenda setting and forward planning to ensure efficient and effective meetings. • How the board and its committees support the Accounting Officer in meeting the requirements set out within Managing Public Money. • The decision-making processes of the Board and its Committees. • The quality and timeliness of the information and materials provided to the Board and its Committees. • The Board's role in strategy development. • The roles, responsibilities, and performance of each Committee and how they contribute to and support the Board. The interaction and collaboration between the Committees and the Board. This includes the dynamics and effectiveness of Board and Committee discussions, decision-making, and conflict resolution. • How the board's practices, relationships and culture compare with other Arm's Length Public Bodies. • The performance of individual directors, including the quality of their contribution and engagement. \*\*\*AWARD NOTICE\*\*\* Additional information: THIS IS A CONTRACT AWARD NOTICE. THIS TENDER HAS BEEN COMPLETED. Read full description ## CPV classification Performance review services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/089c74b4-76b2-43bc-bde7-f4c2546fa942) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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