Good governance supported with a solid structure is integral to the performance of public entities.
Good governance strengthens ministerial, government and community confidence in a public entity.
It also has direct benefits for public entities themselves.
It helps public entities ensure they maintain and enhance their reputations. It also assists public entities to respond effectively and efficiently to changing demands.
In practice, a public entity achieves good governance when those who have a governance role to play clearly understand their role and related responsibilities, and the nature of the relationships between the various parties.
They then take the appropriate action to fulfil those responsibilities and meet mutual expectations.
The relationships between various parties can seem complex at times, particularly for a new director who has not previously had much experience with the governance of public entities.
All Victorian public sector organisations are ultimately accountable to the Victorian parliament through their minister.