Rural Industries Research & Development Corporation

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Corporate Governance

Governance refers to processes by which organisations are directed and controlled – encompassing authority, accountability, stewardship and leadership. Corporate governance is concerned with structures and processes for decision–making, and with controls and behaviour within organisations that support effective accountability for performance outcomes.
 

Accountability Framework	The Board
Directors’ Report:	Board committees
Board costs and remuneration Potential conflicts of interest Associated company activities Post 2001/2002 Developments	Board meetings Insurances Ministerial directions

The RIRDC Board is committed to governance systems that enhance performance and compliance. Each year’s annual report will include a description of how strategic directions, policies and processes have been applied during the year. The Board will continually review policies and processes concerning all major areas of Board operations, including director and Board performance; risk management; conflicts of interest; Board sub-committees; and the Managing Director’s performance. The Corporation’s management policies and procedures will also continue to be documented.

The Board will also ensure that RIRDC staff are provided with strong leadership, and that their qualifications, skills and experience are enhanced with formal and on-the-job training. An audit committee and human resources committee and other committees of the Board as deemed necessary from time to time, will act on the Board’s behalf. Appropriate advisory committees will also be established to ensure that projects are properly guided and that industry and Government funds are spent wisely.

This section outlines key aspects of the Corporation’s governance
practices in 2001–02

Composition

The Corporation’s Board is comprised of nine Directors: the Chair, Deputy Chair, Government Director, five other Directors and the Managing Director. Appointment The Minister for Agriculture, Fisheries and Forestry appoints eight of the Directors and the Board appoints the Managing Director. Six of the Directors are nominated by a Selection Committee established by the Minister in consultation with the National Farmers’ Federation, the Australian Egg Industry Association and the Australian Chicken Meat Federation for a period of up to three years. The report of the Selection Committee for Directors appointed from 1 July 2002 is at Appendix 2. Expertise The Directors are selected from a wide cross-section of the rural business community and together have brought to the Corporation expertise in production, processing, marketing, R&D administration, business management, technology transfer and environmental and ecological matters. Term The term of the six Directors nominated by the Selection Committee expired on 30 June 2002. Four new Directors were appointed for three years from 1 July 2002. A new Government Director was also appointed. The Chair’s term was renewed for another three years from 19 January 2001. The Managing Director’s term expired on 27 May 2002 but was extended to 3 July 2002. A new Managing Director was appointed from that date.

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Accountability Framework (as at 30 June 2002)

 
 

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