Our governance
The main decision-making and governance bodies of the Valuation Office Agency.
The VOA is an executive agency of HMRC. The Chief Executive of the agency is the designated Accounting Officer and is accountable to Parliament for safeguarding the public funds for which they have charge; for ensuring propriety, regularity, value for money and feasibility in the handling of those public funds; and for the conduct of the agency鈥檚 day-to-day operations and management of the agency, including making changes to the organisation as are necessary to maintain and improve the performance. The Chief Executive is a member of HMRC鈥檚 Executive Committee.
Our Framework Document sets out the broad governance framework within which the聽VOA聽and聽HMRC聽operate.
Executive Committee
The Executive Committee (ExCom) is the agency鈥檚 primary decision-making body. ExCom oversees business delivery and operational performance and is chaired by the Chief Executive. Its membership comprises all of the Executive directors.
ExCom reviews the agency鈥檚 performance against its key performance indicators and other targets and measures and considers opportunities for improvement. ExCom provides oversight for the delivery of the agency鈥檚 transformation portfolio. It also reviews the status of, and management actions for, agency risks and issues.
The Board and Audit and Risk Committee
As an executive agency of HMRC, oversight and assurance of the VOA is provided by HMRC鈥檚 Board and sub-committees.
HMRC鈥檚 Audit and Risk Committee provides independent assurance around the integrity of the agency鈥檚 financial statements and comprehensiveness and reliability of its governance, risk management and the control arrangements.