Fco Performance And Finances
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Fco Performance And Finances
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Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
language : en
Publisher: The Stationery Office
Release Date : 2011-02-11
Fco Performance And Finances written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-11 with Business & Economics categories.
This report focusses on the FCO's financial situation and the implications of the Spending Review 2010 for its work and performance, and that of its associated body, the British Council. The FCO is one of the major departmental 'losers' in the Spending Review. Reductions in spending on the FCO, if they result in shortfalls in skilled personnel and technical support in key countries and regions, can have a serious effect in terms of the UK's relations with foreign countries, out of all proportion to the amounts of money involved, especially in relation to the UK's security and that of its Overseas Territories. Cuts to the core FCO budget of even 10% may have a damaging effect on the Department's ability to promote UK interests overseas. The FCO will also face cuts of 55% to its capital budget. The target of raising £50 million per year through selling existing buildings may be difficult to achieve, and may not secure savings in the long-term. A further reduction in the opportunities for more junior UK-based staff to serve in overseas posts, and a consequent diminishing of experience and morale among FCO employees, could over time have a damaging effect on the quality of British diplomacy and the effectiveness of the FCO. The British Council, facing a 25% cut in spending, should give detailed information on its strategy for implementing the cut, which may well trigger fundamental rethinking of the role and work of the Council.
Hc 605 The Fco S Performance And Finances In 2013 14
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Author : Great Britain. Parliament. House of Commons. Foreign Affairs Committee
language : en
Publisher: The Stationery Office
Release Date : 2015
Hc 605 The Fco S Performance And Finances In 2013 14 written by Great Britain. Parliament. House of Commons. Foreign Affairs Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Political Science categories.
The cuts imposed on the FCO since 2010 have been severe and have gone beyond just trimming fat: capacity now appears to be being damaged. If further cuts are imposed, the UK's diplomatic imprint and influence would probably reduce, and the Government would need to roll back some of its foreign policy objectives. The FCO's budget is a tiny element of Government expenditure, but the FCO makes disproportionate contribution to policy making at the highest level, including decisions on whether to commit to military action. The next Government needs to protect future FCO budgets under the next Spending Review.
Fco Performance And Finances 2011 12
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Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
language : en
Publisher: The Stationery Office
Release Date : 2013-04-19
Fco Performance And Finances 2011 12 written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-19 with Political Science categories.
The Foreign Affairs Committee publishes a wide-ranging report on the work of the Foreign and Commonwealth Office (FCO) and two of its sponsored bodies, the BBC World Service and the British Council. It makes key recommendations on language skills for top diplomats, BBC World service funding and priorities, and funding for the British Council. For the FCO, the exclusion of foreign language skills and reliance purely on general management competencies creates the risk of credibility in respect of key diplomatic postings. The Committee finds it unacceptable that the World Service will not know its budget, priorities or objectives before the transition to licence fee funding and the new arrangements for oversight by the BBC Trust from April 2014. The British Council will struggle to deliver the UK's foreign policy objectives if cuts to grant funding from the FCO continue at a similar rate. The Committee recommends that the FCO should shield the British Council from the effect of any further cuts to the FCO budget in 2015-16.
Fco Performance And Finances 2012 13
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Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
language : en
Publisher: Stationery Office
Release Date : 2014-01-10
Fco Performance And Finances 2012 13 written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and has been published by Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-10 with Political Science categories.
The FCO is struggling to meet the continuing demand for policy support. On top of the day-to-day business of sustaining a foreign policy at a time of particular turbulence in the Middle East, the FCO has had to meet the demands of the London 2012 Games, the expansion of the network of posts under the 'Network Shift', and the greater emphasis on commercial work. The net effect has been to divert resources from mainstream policy areas and to complicate the Department's efforts to derive savings from headcount reductions. The increase in funding for the BBC World Service announced by the BBC Trust in June is welcomed. However the announcement covers only 2014-15. If the BBC Trust is to honour its argument that funding from the licence fee provides a level of certainty and stability, it should announce funding levels for the World Service for the remainder of the current BBC Charter period. The Committee is opposed to proposals for a wider commercialisation of the BBC World Service now being considered by the BBC Trust. The Committee is strongly in favour of retaining a degree of public funding for the British Council, which promotes a wider knowledge of the UK and its culture abroad. The current mix of public and self-generated funding 'is better than any other in allowing for a strong British influence and presence overseas and a deeper understanding of Britain, its culture and values, at an acceptable cost to the taxpayer'
Fco Performance And Finances 2012 13
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Author : Great Britain. Parliament. House of Commons. Foreign Affairs Committee
language : en
Publisher:
Release Date : 2014-03-28
Fco Performance And Finances 2012 13 written by Great Britain. Parliament. House of Commons. Foreign Affairs Committee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-28 with categories.
BBC response to HC 696, session 2013-14 (ISBN 9780215066053). The Government response published as Cm. 8797 (ISBN 9780101882422)
Fco Performance And Finances 2011 12
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Author : Great Britain. Parliament. House of Commons. Foreign Affairs Committee
language : en
Publisher:
Release Date : 2013-06-21
Fco Performance And Finances 2011 12 written by Great Britain. Parliament. House of Commons. Foreign Affairs Committee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-21 with categories.
Responses to HC 690, session 2012-13 ISBN 9780215056849)
The Implications Of Cuts To The Bbc World Service
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Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
language : en
Publisher: The Stationery Office
Release Date : 2011-04-13
The Implications Of Cuts To The Bbc World Service written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-13 with Business & Economics categories.
The Foreign Affairs Committee believes the BBC World Service is of such value to the nation that its income should be ring-fenced against spending cuts. The Service has suffered a disproportionate reduction in its future Grant-in-Aid under the spending review settlement, by comparison with that of the 'core FCO': allowing for inflation, 16% as against 10% across the four years 2010-11 to 2014-15. High-level discussions between the Government and the BBC about a transfer of funding responsibility started only nine days before the formal announcement of the change. The report says that the decision to reduce World Service spending by 16% during the 2010 spending review period should be reversed, and resources made available for it to continue its operations at roughly the 2010-11 level of staffing and output. If the Service's funding is reduced in spite of this recommendation, the committee urges for damage limitation with an unreduced BBC Hindi and BBC China Mandarin shortwave service, and enhanced resources to BBC Arabic as required by the recent and continuing political developments in the region. Some of the activity of the World Service contributes to the wider aims of the Department for International Development, and a transfer of just 0.35% of DFID's resource budget over the next three years would compensate for the proposed 16% reduction in World Service funding. There is no reason why such a transfer should not be made if the political will to carry it out is present.
Financial Management In The Foreign And Commonwealth Office
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Author : Great Britain: National Audit Office
language : en
Publisher: The Stationery Office
Release Date : 2009-06-03
Financial Management In The Foreign And Commonwealth Office written by Great Britain: National Audit Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-03 with Business & Economics categories.
The Foreign and Commonwealth Office (FCO) has made good progress in its financial management, aiming to establish itself as one of the best departments in Whitehall in this respect. It has shown strong leadership in raising the profile of good financial management across the Department. Up to 2007-08, however, the FCO has underspent consistently against its budget. The Department has introduced a financial management improvement programme "Five Star Finance", the aim of which is for the department to be a Whitehall leader in financial management. It currently rates itself at three and a half stars on a 1(low) to 5 (high) scale, a rating confirmed by NAO. The FCO operates in a challenging environment in terms of the global nature of its operations. The fluctuations of global currency markets pose particular difficulties for the Department. Until 2007-08, its budgets were protected by the Treasury from exchange rate fluctuations. When this protection was withdrawn, the FCO introduced alternative measures to manage its exposure, principally the forward purchase of major foreign currencies. It needs to ensure that its finance team has the right skills and experience to manage the financial risks it now faces. The FCO is taking action to avoid future underspends against its budget. In other respects, FCO's financial management has improved. The accuracy, reliability and timeliness of its financial reporting have all been enhanced. In 2007-08 it laid its accounts on 30 June, the earliest date it has ever achieved after the March year-end.
The Role Of The Fco In Uk Government
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Author : Great Britain: Parliament: House of Commons: Foreign Affairs Committee
language : en
Publisher: The Stationery Office
Release Date : 2011-05-12
The Role Of The Fco In Uk Government written by Great Britain: Parliament: House of Commons: Foreign Affairs Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-12 with Political Science categories.
The Foreign Affairs Committee believes the Foreign and Commonwealth Office (FCO) will not be back at the centre of Government and able to lead UK foreign policy, in line with the Foreign Secretary's ambitions, unless it can provide deep foreign policy expertise and judgement to underpin and implement Government decision-making. The FCO must have the resources and skills required to fulfil this role, especially specialist geographical expertise and knowledge of foreign languages. The FCO has a vital role to play for the Government, namely the timely provision of world-class foreign policy information, analysis, judgement and execution. Finances, people and buildings must be well-managed, but managerial requirements must not divert time and focus disproportionately from the FCO's core foreign policy functions. Given the resource constraints facing the FCO, however, there is doubt whether the department can achieve the Government's ambitions for enhanced commercial work while maintaining its core foreign policy functions at the required standard. The committee regards the FCO's network of overseas posts as integral to the department's ability to discharge its functions, and recommends that the FCO should seek to maintain a global UK presence. The committee also called "confusing" the fact that under the current Government the FCO has three sets of priorities: the Foreign Secretary's, the Cabinet Office's Business Plan for the department, and the 2010 Strategic Defence and Security Review.
Financial Performance Measures And Value Creation The State Of The Art
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Author : Daniela Venanzi
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-12-01
Financial Performance Measures And Value Creation The State Of The Art written by Daniela Venanzi and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-01 with Business & Economics categories.
The choice of financial performance measures is one of the most critical challenges facing organizations. The accounting-based measures of financial performance have been viewed as inadequate, as firms began focusing on shareholder value as the primary long-term objective of the organization. Hence, value-based metrics were devised that explicitly incorporate the cost of capital into performance calculations. Despite the increasing emphasis on these value-based measures, no definitive evidence exists of which metric works better than others, and on the extent to which any of them is superior to traditional accounting measures. In this scenario, the objective of this book is contributing to the ongoing dialogue on the appropriateness of different financial performance measures, by providing a systematic and updated review of the major value-based measures, by highlighting their respective strengths and weaknesses and by comparing the main international empirical evidence on their effectiveness. This book can be a powerful tool for guiding managers and graduate students in the “tangled forest” of the existing metrics, by providing them with the quick, but adequate knowledge for consistently adopting them.