The AHV Board is comprised of non-executive directors that bring a diverse perspective to the Board’s consideration of strategic, risk and performance matters and are best placed to exercise independent judgement and review and constructively challenge the performance of management. The Chairperson is elected by the full Board and is required to meet regularly with the Chief Executive Officer. In accordance with the AHV constitution,
- there are no less than 5 and no more than 7 Directors on the Board.
- Directors hold office for a term commencing on the date from which he or she is appointed and concluding at the expiry of the third Annual General Meeting of the Company following appointment.
- Directors are permitted to be elected to the Board for no more than three consecutive terms, and must not seek re-election thereafter until a break of one term has passed.
The Board will comprise individuals who have the skills and experience relevant to the pursuit of the AHV objectives in all or any of the areas of business, social housing, governance, law, accounting and communications.
All directors must live in Victoria and a majority must be Aboriginal.
The Board has established specialist committees to assist in the execution of its duties and to maintain a high level of probity and accountability. The Committees allow detailed consideration of complex issues. Current committees of AHV are:
- Finance Audit and Risk Committee; and
- Governance Committee
The committee structure and membership is reviewed on an annual basis. Each committee has its own documented charter setting out its roles and responsibilities, membership requirements and the manner in which the committee is to operate. All matters determined by the committees are submitted to the full Board as recommendations for Board ratification. Minutes of committee meetings are tabled at the ensuing Board meeting.
The role of the Board is to select and support the Chief Executive Officer (CEO), set strategic goals and priorities, and work with the CEO to consider and endorse strategies for the achievement of corporate objectives. The Board will assess the organisation’s financial health and ensure effective policies, procedures and controls are in place to manage the organisation and mitigate risk. Furthermore the Board is tasked with ensuring that the organisation otherwise operates in accordance with the law.
The duties of the Board are set out in the Board Charter, Governance Policy and Code of Conduct. These include;
- Corporate governance, including monitoring the effectiveness of the company’s corporate governance practices and making changes as needed, ensuring a formal and transparent board nomination and election process; and monitoring and managing potential conflicts of interest.
- Reviewing and guiding corporate strategy, risk policy, annual budgets and business plans; setting performance objectives; monitoring implementation and corporate performance; and overseeing major capital expenditures, acquisitions and divestitures.
- Selecting, compensating, monitoring and, when necessary, replacing key executives and overseeing succession planning.
- Aligning key executive and board remuneration with the longer term interests of the company.
- Ensuring the integrity of the corporation’s accounting and financial reporting systems, including the independent audit, and that appropriate systems of control are in place, in particular, systems for risk management, financial and operational control, and compliance with the law and relevant standards.
- Overseeing the process of disclosure and communications.
Place your cursor over the images below to find out more about AHV's Board members.