Indigenous Business Australia (IBA) recognises the importance of sound corporate governance principles and practices, including sound risk management to ensure that IBA meets its objectives. The Board of Directors, Executive Management and all IBA staff are responsible for IBA’s governance.
The IBA Governance Framework consists of leadership, organisational structures and processes within a legislative framework ensuring that IBA sustains and extends its objectives.
In accordance with section 156 of the Aboriginal and Torres Strait Islander (ATSI) Act 2005, the IBA Board is to ensure the proper and efficient performance of its functions. The Board has a number of committees to assist it in performing its functions.
In accordance with section 168 of the Act, the Board appoints a Chief Executive Officer who manages the day-to-day administration of IBA. The Chief Executive Officer is supported by an Executive Management Team, Management Committees and staff.
The Australian Government’s Statement of Expectations and an agency’s Statement of Intent ensure that the responsibilities between portfolio bodies and other arms of government are well defined, and that the agency’s actions are transparent and accountable. The Minister issued the Australian Government’s Statement of Expectations (PDF 270KB, new window) in December 2014, and IBA responded with its Statement of Intent (PDF 38KB, new window) in March 2015.
The IBA Board is appointed by the responsible Minister. The IBA Board consists of a Chair (Mr Eddie Fry), a Deputy Chair and seven other members. The Board appoints a Chief Executive Officer who manages the day-to-day administration of IBA. The Chief Executive Officer is supported by an Executive Management Team, Management Committees and staff.