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Guide to good

Trust Ports Guide to Good Governance

Cowes Harbour is a Trust Port, which means we have no shareholders or individual owners. The harbour is managed for the benefit of its users and stakeholders.

The harbour is an independent statutory body, run by an independent board of commissioners for the benefit of stakeholders. We are committed to operating within government DfT guidelines, as published in the Ports Good Governance Guidance (PGGG)

Port business for Cowes Harbour is conducted in the interests of all stakeholders with openness, transparency, accountability and commercial prudence. The DfT requires Cowes Harbour Commission to operate as a commercial business, seeking to generate a surplus from its operations and marine services. Surpluses are then reinvested into the port or otherwise directed towards the interests and benefit of Cowes Harbour stakeholders.

The PGGG establishes a requirement for accounts, audit, and reporting to achieve a high level of probity and regularity.

Guide To Good Governance

Ports Guide to Good Governance Document