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Perth Racing Committee to be abolished
West Australian Racing
DamienWyer
7,950 posts
This is an email that has been sent around today.
As Perth Racing enters a growth, investment and redevelopment stage, it will make some significant changes to the business operations, Club and governance over the coming months to return additional benefits to its Members, Customers, Stakeholders and the WA racing industry.
Perth Racing will make history by changing from a Committee to establishing an eight-person Board, comprising six Directors to be voted by Club Members and two Independent Directors to be appointed by the six Member-elected Directors.
Each Director with outstanding business profiles will serve three-year terms with a maximum of three terms, totalling no more than nine years.
The board of Directors in a voluntary capacity will add value to the business by bringing in additional skills and invaluable expert advice, provide strategic direction by setting the overall long-term planning of the business, oversee the performance and ensure that an appropriate corporate governance framework is structured. An annual independent review of the board will also be performed.
Responsibilities of the Board of Directors:
• Strategic direction: ensuring the business develops and implements business plans, strategies and policies to develop revenue growth, profits, sustainability and asset management.
• Business Performance Management: set and measure performance targets, secure senior management succession and reports to interested parties such as Members, Customers and Stakeholders.
• Compliance: ensure business complies with its legal and accounting requirements
• Risk: ensures the adequacy of internal controls and that the business identifies and mitigates risks and source new opportunities
ENDS.
As Perth Racing enters a growth, investment and redevelopment stage, it will make some significant changes to the business operations, Club and governance over the coming months to return additional benefits to its Members, Customers, Stakeholders and the WA racing industry.
Perth Racing will make history by changing from a Committee to establishing an eight-person Board, comprising six Directors to be voted by Club Members and two Independent Directors to be appointed by the six Member-elected Directors.
Each Director with outstanding business profiles will serve three-year terms with a maximum of three terms, totalling no more than nine years.
The board of Directors in a voluntary capacity will add value to the business by bringing in additional skills and invaluable expert advice, provide strategic direction by setting the overall long-term planning of the business, oversee the performance and ensure that an appropriate corporate governance framework is structured. An annual independent review of the board will also be performed.
Responsibilities of the Board of Directors:
• Strategic direction: ensuring the business develops and implements business plans, strategies and policies to develop revenue growth, profits, sustainability and asset management.
• Business Performance Management: set and measure performance targets, secure senior management succession and reports to interested parties such as Members, Customers and Stakeholders.
• Compliance: ensure business complies with its legal and accounting requirements
• Risk: ensures the adequacy of internal controls and that the business identifies and mitigates risks and source new opportunities
ENDS.
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RIO likes this post.
thefalcon, Tucool likes this post.
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thefalcon, RIO likes this post.
got me pharqued.....
thefalcon likes this post.
Until PR change the people that have ran that place at a lose for the past 6 or more years, the place won't get better. They are such a lost, tired, worn out, pitiful group; I've genuinely started feeling sorry for them.
houdini65 likes this post.