Governance of DTF The overarching governance body for the Department is Remuneration Committee: manages executive the Treasury and Finance Board. remuneration practice and procedures. The Board’s membership includes the Departmental Secretary and Deputy Secretaries. DTF and Risk Committee membership and roles The Board’s primary function is to set and monitor the overall strategic direction, provide effective guidance and The Audit and Risk Committee independently reviews and leadership, and to ensure the sound financial management assesses the effectiveness of the Department’s systems and general compliance of the Department. The Board and controls for financial management, performance and also provides high level monitoring and oversight of the sustainability, including risk management. The Audit and Department’s people management and organisational Risk Committee has external and independent members, strategies. including the Chair. The Board met eight times in 201617. The and Risk Committee comprised the following members as at 30 June 2017. The functions of the Board are supported by subcommittees. The current structure and role of each Kathy Grigg Chair (external) – subcommittee is: Jan West (external) Knowledge Management: supports organisational Stefano Giorgini (external) objectives by making optimal use of knowledge. It involves the design, implementation and review of Steve Mitsas capability, processes and systems to improve the Porthouse creating, sharing and application of knowledge. The Department’s internal audit services were provided by People Committee: provides leadership to the KPMG. Department and advises the Board on organisational culture, people, capability and communication issues and progresses initiatives defined within the People and Culture Strategy.
Governance of DTF The overarching governance body for the Department is the Treasury and Finance Board. The Board’s membership includes the Departmental Secretary and Deputy Secretaries. The Board’s primary function is to set and monitor the overall strategic direction, provide effective guidance and leadership, and to ensure the sound financial management and general compliance of the Department. The Board also provides high level monitoring and oversight of the Department’s people management and organisational strategies. The Board met eight times in 201617. The functions of the Board are supported by subcommittees. The current structure and role of each subcommittee is: Knowledge Management: supports organisational objectives by making optimal use of knowledge. It involves the design, implementation and review of capability, processes and systems to improve the creating, sharing and application of knowledge. People Committee: provides leadership to the Department and advises the Board on organisational culture, people, capability and communication issues and progresses initiatives defined within the People and Culture Strategy. Remuneration Committee: manages executive remuneration practice and procedures. DTF and Risk Committee membership and roles The Audit and Risk Committee independently reviews and assesses the effectiveness of the Department’s systems and controls for financial management, performance and sustainability, including risk management. The Audit and Risk Committee has external and independent members, including the Chair. The and Risk Committee comprised the following members as at 30 June 2017. Kathy Grigg – Chair (external) Jan West (external) Stefano Giorgini (external) Steve Mitsas Porthouse The Department’s internal audit services were provided by KPMG.
DTF-Annual-Report-2016-17.docx