✨ Trust Governance Report
27 JUNE 2012 NEW ZEALAND GAZETTE, No. 72 2017
EASTERN AND CENTRAL COMMUNITY TRUST INC
GOVERNANCE
The Board of Trustees has been appointed by the Minister of Finance to govern the Trust. The Board establishes the Trust’s objectives, major strategies and the overall investment and donation policy framework. The Trust Manager has delegated authority within approved guidelines for the day to day management of the Trust. To assist in the process of Board governance, the Trustees have established three sub-committees. Each sub-committee has defined duties as listed. Their recommendations are reported to the Board for consideration. As required, the Board refers additional matters to the sub-committees for consideration.
Executive – monitor investment performance, review fund managers’ performance, consider investment policy and strategy, monitor compliance and appraise the Trust Manager.
Audit & Risk – liaise with the external auditor, review the annual audit plan, review audit findings, monitor compliance to relevant statutory requirements, monitor, review and report performance and recommendations of the auditor.
Special Programmes – monitor, review and report on the performance of the Regional Sports Trusts, the Summer Reading Programme, the Maths is Fun Programme and any other special programmes.
Conflicts of interest, whether actual or potential, must be disclosed to the Board and minuted. In such circumstances a trustee is not entitled to enter discussion or vote. The Annual Report is published in the Dominion Post and a public meeting is held in August each year.
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NZ Gazette 2012, No 72
✨ LLM interpretation of page content
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Trustees' Annual Report for the Year Ending 31 March 2012
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🏢 State Enterprises & Insurance25 May 2012
Governance, Trustees, Board, Sub-committees, Investment Policy, Audit, Risk Management, Special Programmes, Conflicts of Interest, Annual Report