Publications

Governance

The Maze Long Kesh Development Corporation (MLKDC) is a Statutory Body established under the Strategic Investment and Regeneration of Sites (SIRS) (Northern Ireland) Order 2003. Legislation establishing the Corporation was made on 1 June 2011 and the Corporation became operational on the appointment of a Chairman and a Board on 10 September 2012.

MLKDC functions as an Arms Length Body (ALB) of The Executive Office (TEO) formerly known as the Office of the First Minister and Deputy First Minister (OFMDFM). It is financed from TEO’s Departmental Expenditure Limit (DEL) for normal operating costs and TEO’s Annually Managed Expenditure (AME) for impairments of assets.

MLKDC has in place a governance framework for directing and controlling its functions and to provide assurances to the Accounting Officer of the Corporation. MLKDC’s governance structures are developed in line with Managing Public Money Northern Ireland (MPMNI), and other requirements and guidance to comply with MLKDC’s Management Statement and Financial Memorandum.

To download a copy of MLKDC’s Management Statement and Financial Memorandum (MSFM), please click here.

The governance framework comprises the systems and processes, culture and values by which MLKDC is directed and controlled, and the activities through which it accounts to, and engages with the public and other stakeholders.

It enables MLKDC to monitor the achievement of its strategic objectives and to consider whether those objectives have led to the delivery of appropriate and value for money services and facilities.

The system of internal control is a significant part of that framework and is designed to manage risk to a reasonable level. It is based on an ongoing process designed to identify and prioritise the risks to the achievement of MLKDC’s policies, aims and objectives, to evaluate the likelihood of those risks being realised and the impact should they be realised, and to manage them effectively, efficiently and economically.