Stephen is Managing Director of Provider Regulation at Monitor, responsible for the monitoring, compliance and intervention regime for NHS foundation trusts.
A qualified Chartered Accountant, Stephen previously worked with KPMG, latterly as a Director within the Transaction Services Department where he advised boards of corporate and private equity houses. His portfolio of financial experience is wide ranging and includes mergers and acquisitions, due diligence for initial public offerings and risk assessment.
Stephen Hay joined the DCLG Board as a Non-Executive Director, in May 2009. Stephen was Chairman of DCLG’s Audit and Risk Committee until December 2014; he stood down as Chair ahead of his second 2 year term with the department expiring Summer 2015. He continues to be a member of the Audit and Risk Committee.
The DCLG board’s role is to advise and support ministers on the operational implications and effectiveness of policy proposals and help turn policy from ideas into actions and results.
Part of DCLG’s leadership team, non-executive board members help with that task.
Managing Director, Provider Regulation, Monitor
The Managing Director of Provider Regulation is responsible for:
- the monitoring, compliance and intervention regime for NHS foundation trusts
- issuing licences and overseeing providers’ compliance with them
- assessing financial risk and, where necessary, operating the continuity of services regime
- overseeing governance standards in foundation trusts