Governance
company
Subsidiary company the agency may form.
Definition
A corporate entity the agency is authorised to form under the Act to execute contractual or commercial activities that further the agency's objectives, with the Board required to set governance safeguards and conflict‑of‑interest policies to avoid unfair competition with the private sector.
Related Terms
executive committee
Operational management body for day-to-day affairs....
board
Governing Board that oversees the agency....
Agency
NSW public entities covered by the circular....
funds
Financial resources managed under statutory rules....
public-sector body
State institutions, ministries, agencies and municipal administrations....