Governance & Good Practices
BRAC's Internal Control System is designed to get reasonable assurance about effectiveness and efficiency of operations, reliability of financial data and compliance of applicable rules, regulations and procedures. Management's integrity, attitude, actions, and ethical values help to raise consciousness control among the staff. BRAC management believes that controls are important to achieve the objectives and communicates its view to staff at all levels. Clear policies and procedures, documentation process, table of authority, segregation of staff duties, supervision and accountability have made the organization transparent. Considering the internal control a continuous process BRAC periodically reviews and modifies the system in the changing circumstances. At the top of its control mechanism, there exists the willingness of BRAC Governing Body to ensure internal control and transparency.
BRAC's affiliate organizations, BRAC USA and BRAC UK, also have their own accountability and governance systems that operate independently of BRAC.
Download: Memorandum of Association - BRAC (Revised in 2008)