2016 RASV Annual Report

CORPORATE
GOVERNANCE
The Board will continue to foster strong
relationships with the RASV’s joint venture
partner and ensure that the Redevelopment
Project Objectives are achieved.
Board of Directors
The Board’s overarching objectives are to represent
and serve the interests of members, guide and monitor
the business and affairs of RASV, and implement good
corporate governance structures consistent with relevant
ASX governance principles, specifically to:
• Provide strategic guidance and approve the
organisation’s strategic/business plans, budgets and
performance targets;
• Lay solid foundations for management and oversight;
• Structure the Board to add value;
• Promote ethical and responsible decision making;
• Safeguard integrity in financial reporting;
• Recognise and manage risk;
• Encourage enhanced performance – from economic,
social and environmental standpoints;
• Remunerate fairly and responsibly;
• Recognise the legitimate interests of RASV’s
stakeholders.
The Board will continue to foster strong relationships
with the RASV’s joint venture partner and ensure that the
Redevelopment Project Objectives are achieved.
Board Composition
The Board comprises of a maximum of ten Directors and
is chaired by the person so elected by the Directors.
The Board requires its Directors to have a broad
range of expertise and experience, in a field which is
complementary to RASV’s activities and strategy, or
with appropriate professional qualifications and proven
ability to make meaningful contributions to the Board’s
deliberations.
Membership Committee
The Membership Committee is appointed by the Board
of Directors. The Committee consists of a minimum of
three members and is chaired by a person nominated by
the chairman and assisted by RASV’s General Manager
Marketing & Business Development.
The Committee provides an efficient and effective
mechanism for developing, assessing and recommending
where necessary to the Board strategies and initiatives
in relation to membership growth, member value and
benefits, member utilisation, member satisfaction and
member service and experiences.
38 The Royal Agricultural Society of Victoria Limited