Our governance maintain acknowledged expertise to support and protect its Risk management and accountability reputation. Building Queensland has established a risk management framework defines the identification, analysis, Risk and Audit Committee evaluation and treatment of business risks. The Risk and Audit Committee comprises four Board members, The framework is comprised of a Business Risk Management with the Board Chair attending meetings as an observer. The Policy, a Plan, a Risk Register and selected documentation that Chief Executive attends by invitation. This ensures gives to the mitigation of risk. appropriate separation between the committee, as a body Regular risk workshops are held with the Chief Executive responsible for oversight and monitoring of corporate and Leadership Team to monitor and review the governance within Building Queensland and the managers appropriateness of risk management activities. responsible for the administration of Building Queensland. Building Queensland a number of key strategic risks The committee observes the of its charter and has due which, if not managed, could adversely impact upon its ability regard to the Audit Committee Guidelines. As such, the to achieve its vision and purpose. committee focuses on reviewing the policies, procedures and processes developed by the business for managing These areas of key strategic risk as identified by the Board are: business risk. It provides advice on the control mechanisms Independence: Building Queensland will need to maintain a identified to mitigate the identified risks, protect Building Queensland’s people, reputation and assets, and promote respected independence from government and its various and work practices. agencies. There have been three Risk and Audit Committee meetings Reputation: Building Queensland will need to develop and held between 1 July 2016 and 30 June 2017. Efficiency and prioritisation: In a challenging fiscal environment, Building Queensland will need to undertake its functions and while ensuring prioritisation initiatives. Stakeholders: Building Queensland has many stakeholders with diverse expectations and meeting these expectations will be critical to its success. These risk areas form a particular focus of the Risk and Audit Committee.
Our governance Risk management and accountability Building Queensland has established a risk management framework defines the identification, analysis, evaluation and treatment of business risks. The framework is comprised of a Business Risk Management Policy, a Plan, a Risk Register and selected documentation that gives to the mitigation of risk. Regular risk workshops are held with the Chief Executive and Leadership Team to monitor and review the appropriateness of risk management activities. Building Queensland a number of key strategic risks which, if not managed, could adversely impact upon its ability to achieve its vision and purpose. These areas of key strategic risk as identified by the Board are: Independence: Building Queensland will need to maintain a respected independence from government and its various agencies. Reputation: Building Queensland will need to develop and maintain acknowledged expertise to support and protect its reputation. Risk and Audit Committee The Risk and Audit Committee comprises four Board members, with the Board Chair attending meetings as an observer. The Chief Executive attends by invitation. This ensures appropriate separation between the committee, as a body responsible for oversight and monitoring of corporate governance within Building Queensland and the managers responsible for the administration of Building Queensland. The committee observes the of its charter and has due regard to the Audit Committee Guidelines. As such, the committee focuses on reviewing the policies, procedures and processes developed by the business for managing business risk. It provides advice on the control mechanisms identified to mitigate the identified risks, protect Building Queensland’s people, reputation and assets, and promote and work practices. There have been three Risk and Audit Committee meetings held between 1 July 2016 and 30 June 2017. Efficiency and prioritisation: In a challenging fiscal environment, Building Queensland will need to undertake its functions and while ensuring prioritisation initiatives. Stakeholders: Building Queensland has many stakeholders with diverse expectations and meeting these expectations will be critical to its success. These risk areas form a particular focus of the Risk and Audit Committee.