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Financial governance

Expenses policy 

We wish to ensure that our employees and members as well as others who incur expenses in relation to our work – such as witnesses, advisers and interviewees are provided with appropriate arrangements for travel and accommodation relating to our work. The policy sets out rules for the reimbursement of travel, accommodation and subsistence expenditure and provides information on what expenses can be claimed, how and when. This covers travel and subsistence, carer costs, hotel accommodation, insurance, airline frequent flyer scheme, witness loss of income and locum fees.

Acrobat Reader icon Expenses policy

  

Member Fees policy

We are committed to ensuring that we pay our members appropriate fees for the work they undertake for us. We wish to ensure the fees paid to our members are fair and remain current and as such review the fees every three years against benchmark data. Fees for all members are set at a rate in line with the median benchmarked fee level every three years and a general fee increase applied annually (consistent with the pay framework for employees). This policy outlines how members’ fees are set and how they are reviewed. It also provides guidance on who is entitled to additional fees and how fees and expenses are paid.

Acrobat Reader icon Member fees policy
 

Member fees

This document details member fees payable for the financial year 1 April 2019 to 31 March 2020.

Acrobat Reader icon Member fees 2019/20

  

Financial Regulations

This document provides the procedural framework for our financial affairs. Its purpose is to ensure that employees and members comply with specific statutory provisions, best professional practice and that the integrity of our financial affairs is protected. All financial and accounting procedures must be carried out in accordance with these Regulations and other corporate guidelines. It includes guidance on financial planning, financial management, accounting records and financial systems, risk management and internal control, control of resources, income and expenditure, external arrangements, and other key policies and documents.

Acrobat Reader icon Financial Regulations - April 2015
 

Investment policy

The policy provides a framework for the management and control of the GOC’s investments. It provides information on our investment objectives, standards of care, investment transactions, performance review and reporting, record keeping and safekeeping and policy considerations.

Acrobat Reader icon Investment Policy

  

Reserves policy

The policy provides a framework for the management of our reserves. All reserves are unrestricted although we have designated some for specific purposes. Information is given on the target levels for some reserves and the conditions for their use.

Acrobat Reader icon Reserves policy
 

Contracts & Procurement policy

The policy provides a framework for the management and control of our Contracts and other procurement. It states the rules for buying goods, works and services.

Acrobat Reader icon Contracts and procurement policy
 

Risk Management strategy and policy

Our Risk Management Policy is to adopt best practice in the identification, evaluation and cost-effective control of risks, to ensure that they are either eliminated or reduced to an acceptable level. The policy provides details of responsibilities, the risk management process, risk identification, analysis, recording, monitoring and review. 

Acrobat Reader icon Risk management strategy

Content Panels

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Hearings

Hearings

Information about our upcoming fitness to practise hearings.

Our Council

Our Council

The General Optical Council is composed of 12 members

Working for us

Working for us

Healthcare regulation in the UK is currently undergoing reform and modernisation – so this is an exciting time to join us.