Annual Report 2014 -15 | Page 18

Governance and Accountability Interrelate is a Company Limited by Guarantee. The Board of Directors is the governing body of Interrelate and is supported by the CEO and Executive Team. The Board has broad powers to make decisions and exercise the powers and functions of the organisation within the constraints of Interrelate’s Constitution and the Corporations Act 2001. The Board’s task on behalf of its members is to ensure that Interrelate achieves its Vision, Mission and Objectives, and in doing so, avoids adverse and unacceptable outcomes. The Board focuses on ensuring the values of Interrelate are respected, along with ensuring that Interrelate members are represented in determining appropriate organisational performance. To achieve this, the Board maintains a clear link between Interrelate and its Members whilst monitoring Board-level policies which provide direction and boundaries for both the functions of the Board and the CEO. The Board’s focus • operates in accordance with Interrelate’s Constitution • gives attention to the systems and processes that ensure the overall direction, effectiveness, supervision and accountability of the organistion • operates efficiently and effectively, with a shared understanding of the governance role of the Board and the specific responsibilities of the CEO and the Executive Team Board Committees Interrelate has three Board Committees which assist the Board to carry out its role. In 2014-15 the following committees were active: Finance, Audit and Asset Management Committee The Finance Audit and Asset Management Committee worked with the Executive in reviewing the organisation’s Asset Management Plan. While acknowledging that our most important asset is our people, a strong balance sheet and fit for purpose workplaces, enhance Interrelate’s overall sustainability into the future. 16