The Board is the guardian of the purpose for which Beyond Blue was established – its vision, mission, values and beliefs. The Board fulfils its primary role by:
- appointing and removing the Chief Executive Officer and monitoring performance
- overseeing the development of, and approving, Beyond Blue's strategic plan
- supporting the delivery of the strategic plan by ensuring adequate management of resources to achieve agreed corporate and performance objectives
- providing input into, approving, and monitoring performance against Beyond Blue's annual budget and operating plan
- monitoring, and where necessary, approving Beyond Blue's compliance with legal and regulatory requirements including external financial reporting
- recommending to Members the appointment and/or removal of and monitoring the performance and ongoing independence of the auditor of Beyond Blue.
The Board has formally delegated responsibility for the day-to-day operation of Beyond Blue to the Chief Executive Officer and executive management team.
The Board oversees and monitors management’s performance by:
- meeting at least four times per year
- receiving detailed financial and other reports from management at these meetings and at other times as required
- receiving additional information and input from management when necessary
- assigning authority to the Audit, Finance and Risk Committee (which operates under Terms of Reference approved by the Board) to oversee particular areas of responsibility.
