The Trust Board has overall responsibility for corporate governance and the development of systems and processes, ensuring we manage our resources and risks appropriately to deliver safe, high quality services to our patients. This area is overseen by five sub-committees, and a summary of the remit for each sub-committee can be found below:
The role of the Audit Committee is to seek assurance that the Trust’s integrated governance, risk management and internal control across the whole of the organisation’s activities (both clinical and non-clinical) are robust, and that risks to delivery of the Trust’s corporate objectives are effectively managed during the course of the financial year.
The Finance Committee seeks assurance that the Trust’s finance, activity, capacity and workforce plans are deliverable and fully aligned and that risks to delivery of the Trust’s corporate objectives are effectively managed during the course of the financial year. The Committee will also oversee the development of medium to longer term plans for financial sustainability.
Charitable Funds Committee
The Charitable Funds Committee has been established to exercise the Trust’s functions as sole corporate trustee of Somerset NHS Foundation Trust’s Charity (registered charity number 1059922). It will monitor the performance of all aspects of the Charity’s activities and ensure that it adheres to the principles of good governance and complies with all relevant legal requirements.
Quality and Governance Committee
The Quality and Governance Committee provides assurance to the Board, along with the Audit Committee, that the Trust is properly governed and well managed across the full range of its clinical activities in accordance with the Corporate Objectives, using its authority delegated by the Trust Board.
Nomination and Remuneration Committee
The Nomination and Remuneration Committee has delegated responsibility and accountability from the Trust Board for setting the remuneration and terms of service for all executive directors, and selected senior management and all employees on spot salaries, and for establishing the process for the identification and nomination of executive directors and for ensuring organisational resilience by reviewing the process for succession planning.