Source · Select Committees · Public Accounts Committee
Recommendation 24
24
NS&I's evolving governance structures lack clarity and substantive plans to prevent future issues
Conclusion
NS&I said its governance structures had evolved, and it would add more NEDs. It said these changes were improving delivery, but gave no substantive answer to how its governance would ensure problems did not happen again. It also acknowledged that there was still a lack of clarity over the role of governance boards, and said it was again reviewing governance, as a result of the NAO report, to help the programme “deliver at pace”.69 NS&I said that it had only now started reporting programme costs to its transformation and audit committee, which was generating useful insight.70 NS&I said it now added 6 more people in its finance function, an increase of 20%.71 64 C&AG’s Report, para 2 65 Q 69 66 C&AG’s Report, paras 21, 3.18 67 Qq 69, 16 68 Q 16; Infrastructure and Projects Authority Annual Report 2022–23, July 2024 69 Qq 52-53 70 Q 18 71 Q 55 15
Government Response
Response Pending
HM Government
Response Pending
The Treasury and NS&I acknowledge these concerns and are committed to addressing them through robust planning, risk management, and governance. NS&I is working to develop a comprehensive integrated plan that includes clear timelines, cost estimates, and resource allocation. NS&I has strengthened its systems integration capabilities and is ensuring that decisions are based on sound evidence and analysis.