Briefing / Integrated care boards: finance committee terms of reference

This briefing is intended to assist shadow ICBs if they decide to establish a committee covering financial matters. 

There are two mandated ICB committees – the audit committee and the remuneration committee. Each ICB will need to consider what further arrangements, including other committees and groups, they will need to effectively discharge their functions. As there is no ‘one size fits all’ ICB, the number of committees – and their terms of reference – will vary and it is for each ICB to ensure that it designs its governance framework to efficiently and effectively meet its own needs. In many cases, this is likely to include a committee or group with a specific focus to meet the ICB’s responsibilities to deliver organisational and system financial oversight of planning, reporting and investment.  

This briefing includes key areas of consideration and model terms of reference that can be used by ICBs as a starting point for discussions on how local arrangements will work.