Corporate Governance - Board Role
The Board is responsible for CFA's overall performance, ensuring appropriate risk management strategies are in place and that CFA complies with relevant legislation, the government's requirements and its corporate objectives in its Corporate Plan and Annual Plan.
The Board sets the corporate objectives and strategies through the four year Corporate Plan and detailed Annual Plans.
The Board's primary role involves:
- developing and implementing strategic plans to meet CFA's legislated responsibility
- policy formulation
- ensuring systems and processes for proper accountability and managing risk are in place
- monitoring the performance of CFA
- ensuring its compliance obligations are met.