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Governance

Founded in the 13th century, the Duchy of Lancaster is a private estate held in trust for the Sovereign and their successors. Managing a diverse portfolio across England and Wales, the Duchy is committed to responsible and sustainable land ownership.

The Duchy Council

Guided by the experience and insight of the Duchy Council, the Duchy aims to deliver sustainable financial returns to His Majesty the King whilst leading with exemplary social and environmental stewardship. The Chancellor of the Duchy of Lancaster is responsible to His Majesty for the administration of the Duchy which is managed on the Chancellor’s behalf by the Duchy Council and a full time executive team.

The Duchy Council seated around a table at a meeting

Committees

In addition to its five annual meetings, the Council has appointed the following formal committees to ensure robust oversight, transparency, effective governance and sustainability across all areas of its operations. Further information can be found in the Duchy’s Annual Report and Accounts.

Formal Committees of the Duchy Council:

  • Audit & Risk
  • Nominations & Renumeration

Advisory Committees:

  • Finance
  • Rural
  • Urban & Strategic development
King Charles speaking to farmers

Report and Accounts

The Duchy publishes an Annual Report and Accounts which is independently audited, presented to both the Houses of Parliament, and available to view on the Duchy website. The report is prepared under directions from HM Treasury and complies with relevant UK legislation and regulatory standards.

Financial Reporting & Accounts

Our Guiding Principles

  • Lasting Sustainability
    We manage the Duchy’s land and resources in a progressive way that supports people, places, and the planet for the long term.
  • Integrity & Trust
    We uphold the highest standards of professionalism, ensuring our decisions and actions are transparent, responsible, and trusted.
  • Duty of Care
    We are committed to the well-being of our staff, tenants and communities, recognising that the Duchy’s strength lies in the people connected to it.
  • Stewardship with Purpose
    We safeguard and enhance the Duchy’s land, heritage, communities and assets so they may prosper and endure for generations to come.
  • Enduring Value
    We balance strong financial performance with our responsibility to protect and pass on the Duchy’s legacy.
Group shot while visiting the estate

Our People

Meet the Team
Lancaster Castle

Frequently Asked Questions

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