2.9 National Savings and SBS have established a joint governance structure for the contract. The structure comprises three partnership boards, as shown at Figure 7. To monitor performance against the contract on a day to day basis, National Savings has also established a relationship management unit, which includes professionally qualified senior staff who negotiated the contract with SBS and carefully selected people with extensive knowledge of the operational service. The unit has developed a manual of new business management processes and has introduced new business reports to help ensure that the partnership is managed effectively.
Figure 7 |
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Governance of the contract | ||
This figure shows that a formal governance structure has been defined for the contract | ||
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Source: National Savings | ||