Governance
The Governance processes of Open Minds are managed and overseen by an experienced and professional Board of Directors. The Open Minds Governance framework has been drawn from ASX Governance Principles and it forms the basis of the Open Minds governance processes. Corporate Governance practices need to be robust, accountable and of a standard to meet the expectations of the organisations stakeholders.
In addition to the Board of Directors meetings, formal Board committees include the Finance Compliance and Risk (FCR) Committee, Governance Committee and Remuneration Committee. The role and responsibilities of the Board and its committees include:
- Ensuring good governance with a comprehensive set of polices and procedures
- Observing fiduciary duties arising from the Constitution, corporations law and relevant legislation
- Ensuring the financial viability, solvency and sustainability of the Organisation
- Ensuring compliance with applicable legislation, regulations, policies and procedures
- Monitoring performance against strategic plans and annual budgets
- Ensuring effective management of risk
- Ensuring optimal use of the Organisations assets and resources
- Promoting the reputation of Open Minds
- Monitor the performance of the CEO and approve the salaries of the Senior Management Team
- Periodically monitor its own performance to ensure continual improvement
The Board maintains a high standard of internal control in all aspects of it operations. Board and Management have established internal controls including policies, systems and procedures to ensure operational efficiency, encourage compliance with Open Minds policies and procedures and the accuracy of records. An external review of the internal control system was overseen by the FCR Committee during the year. All recommendations have been incorporated into current policies and procedures. The Board receives regular reports regarding financial conditions, operational results, compliance and risk management. A recent external review of Workplace Health and Safety policies and procedures gives assurance that a robust system of review and continual improvement is in place that ensures risk is effectively managed in a timely manner.
Corporate Social Responsibility (CSR)
The Board and Management of Open Minds recognise the importance of the environment and community in the conduct of its service and business activities. Whilst the nature of our services to the community and those facing disadvantage are the mainstay of our CSR aspirations, Open Minds increasingly seeks to understand and manage the impact of the organisation upon the environment and the wider community. Open Minds is working actively to limit our carbon footprint.
Governance Policies
Table of Contents (20Kb)
Board Charter (37Kb)
Risk Management (57Kb)
Board Code of Conduct (33Kb)
Declaration of Interest (29Kb)
Finance, Compliance & Risk Committee Charter (37Kb)
Financial Controls, Compliance & Delegations (1.1Mb)
Governance Structure (25Kb)
Governance Principles (49Kb)
Governance Committee Charter (29Kb)
Remuneration Committee Charter (20Kb)
Media & External Communications (25Kb)
Corporate Social Responsibility (CSR) (33Kb)
Governance Forms
Induction & Orientation Schedule for Board Directors (37Kb)
Declaration of Interest (25Kb)
Declaration of Interest Register (25Kb)
Independent Assurance Process (41Kb)
Constitution
Open Minds Constitution Document (139Kb)