Freeport East’s corporate governance framework encompasses a set of principles and guidelines that guide the behaviour and actions of its directors, executives, and employees. This framework promotes ethical conduct, effective risk management, and the protection of stakeholders’ interests. Through regular board meetings, independent audits, and comprehensive reporting, Freeport East demonstrates its commitment to maintaining high standards of governance, fostering trust among shareholders, customers, and the wider community.
By upholding robust corporate governance practices, Freeport East strengthens its position as a reliable and reputable industry leader.
A Memorandum of Understanding is in place which sets out the terms, principles and practices that applies to the working relationship between the Department for Levelling Up, Housing and Communities (DLUHC); East Suffolk Council (the Accountable Body); and the Freeport East Governing Body (the Board) regarding delivery and administration of the Freeport, including the use of public funds and collection of business rates in the Freeport tax sites through the three billing authorities (East Suffolk Council, Mid Suffolk District Council, and Tendring District Council).
Our Full Business Case was approved by government in January 2023. You can read a summary of our Full Business Case here.