b'AverageSuccessfulSuccessfulExcellentPublic sectorFull entre-preneurial internalinternalinternalinternalentre- business tradeabletradeabletradeabletradingpreneurial serviceservice withservice withservice withbusiness decliningprospects awarded demandoutside work RiskLow riskMedium riskLow/Medium riskMedium/Higher risk. approach andintroducingmedium riskapproachthehigher risklimitedtrading willapproach.exposure of thethe delivery of exposure toincrease risk asIntroducingtrading risk andservices to financial loss.the decline intrading willdelivery of highmultiple public demand mayincrease risk,quality servicessectors will be create lossesas new workto all doesa demanding and new workwill need to becreate risk. Theenvironment. will need to besecured andinternalBidding andInsurance and related secured andrequire newservicessecuring workcosts reflect the risk of require newskills, egdelivery will bein a competitivecommercial activity and skills, egtendering andrelatively lowenvironmentcontractual tendering andquoting forrisk.will becommitments. quoting forwork.medium/high work.risk. PI and otherPI and other insuranceinsurance arrangementsarrangements need review.need review. GovernanceLimitedLimitedLimitedGrowingDedicatedCompany board with membermembermembermembercommittee/jointcouncil representation. involvement.involvement.involvement.involvementcommittee with However,Growing trustwith aits own typically leadand support bypossibility of aconstitution. officer will needmembers.dedicated to be trustedcommittee. and supportedLeadership withSpecificExtensive delegation of by members.a dedicatedmemberpowers to the company lead officer. involvementand the arms length with chiefoperation. officer responsibility.TradingTradingTradingMore likely thatTradingTradingCompany accounts/ accounts andaccounts mayaccounts maytradingaccounts/accounts/trading accounts. performanceor may not beor may not beaccounts willtrading infor- joint committee statementsused. Often theused. Often thebe used. Oftenmation underaccounts/ activity hasactivity hasthe activity hasthe Localtrading simple budgetsimple budgetsimple budgetAuthorityinformation structure.structure.structure.(Goods andrequired under With anyWith anyServices) Actthe Local growth ingrowth in1970.Authority externalexternal(Goods and income, thereincome thereServices) Act will be anwill be an1970. increasingincreasing need for tradingneed for trading accounts.accounts. DelegationStandard localStandard localStandard localStandard localSpecialisedSpecialised delegation and financialauthorityauthorityauthorityauthoritydelegationarrangementsgreater regulationsapproaches.approaches.approaches.approaches.arrangements delegation to greatermanagement but with delegation tosafeguards. management but with safeguards. 28'