Governance

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.

IBA Governance Framework consists of leadership, organisational structures and processes within a legislative framework ensuring that IBA sustains and extends its Strategic Pathways and objectives.

In accordance with section 156 of the Aboriginal and Torres Strait Islander (ATSI) Act 2005 (external website, new window), 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 issuing of a Statement of Expectations (by the relevant Minister), and the provision of a Statement of Intent (by the IBA Chair) in response is a key element of sound governance for Commonwealth bodies. These documents are valuable tools for increasing transparency and accountability, as well as ensuring well defined responsibilities between portfolio bodies and other arms of government.

IBA’s response to the Australian Government’s Statement of Expectations (issued by the Minister for the Department of Families, Housing, Community Services and Indigenous Affairs) is outlined in its Statement of Intent (by the IBA Chair).