Our governance

Information on the HM Treasury board and its sub-committees.


The role of the board

The purpose of the HM Treasury board is to advise and support the department’s ministers, and operationally turn policy into reality.

The board:

  • monitors and improves the Treasury’s performance; makes sure opportunities and risks are recognised in both the short and long term
  • ensures Treasury staff and resources are correctly allocated
  • protects and enhances the Treasury’s reputation as a world-class finance ministry

Membership

The Executive Management Board (EMB) members (correct as of 31 March 2021):

Sub-committees to the Executive Management Board

The 2 sub-committees of EMB are the Operating Committee and the Diversity Delivery Committee.

Operating Committee (OpCo)

OpCo’s purpose is to ensure that the department has in place, and operates effectively, appropriate and robust procedures and business processes in support of the department’s overall strategy and business needs.

It also acts in an advisory capacity in relation to finance and staffing and assures and provides approval for business cases. OpCo is chaired by the Second Permanent Secretary and any member of EMB is welcome to attend any of the meetings.

Diversity Delivery Committee (DDC)

Diversity and Inclusion remains a key focus for the department. DDC meets monthly. DDC is chaired by the Director General Tax and Welfare.

Audit Committee

The Treasury Group Audit Committee supports the Permanent Secretary in his role as head of the department and as the Principal Accounting Officer. It also supports the Treasury Additional Accounting Officers in their responsibilities for managing risk, internal control and governance, related to the Central Funds and the Group’s Resource Account.

Audit and Risk Committee (ARC) members:

Members of ARC are appointed by the Permanent Secretary. The membership of the committee on 31 March 2021 was:

Staff pay data

The Treasury is committed to being an open and transparent government organisation. You can access information on staff pay data online on the data.gov.uk website.

HM Treasury’s annual report and accounts, 2020 to 2021.