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Terms of reference: Chair of the Office for Value for Money

Terms of reference for the appointment of David Goldstone CBE as the independent chair of the Office for Value for Money.

Updates to this page

From:
HM Treasury
Published:
30 October 2024
Last updated:
22 October 2025
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  1. Terms of reference: David Goldstone CBE, independent Chair of the Office for Value for Money chapter 2: Duration updated.

  2. Detail on the OVfM’s budget and spend for 2024-25 is included in HM Treasury’s 2024-25 Annual Report and Accounts (ARA). Alongside this, the OVfM has updated its Terms of Reference to include its 2025-26 budget.

  3. In the interest of transparency, we are disclosing David's increased time commitment and updating the OVfM's headcount.

  4. In the interest of transparency, we are disclosing David's remuneration package on the Terms of Reference.

  5. First published.

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Terms of reference: David Goldstone CBE, independent Chair of the Office for Value for Money

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Terms of reference for the appointment of David Goldstone CBE as the independent chair of the Office for Value for Money.

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