Composition of the Board

• The Composition of the Board is determined in accordance with the Bylaws of Carrington Centennial Trust.
  
• The Board comprises up to nine independent non-executive directors including the Chairman.  The Chairman is elected by the Board of Directors.
  
• Casual Board vacancies are filled by the Board having regard to appropriate qualifications and expertise.
  
• The Board is required to meet at least monthly and follow meeting guidelines that ensure all Directors are made aware of and have available all necessary information to participate in an informed discussion of all agenda items.
  

Responsibilities of the Board

The Board has overall responsibility for reviewing and approving the policies and procedures put in place to maintain the highest level of governance for Carrington.  The Board's role also includes:-

• Reviewing and approving the strategic direction, budgets and business plans prepared by management.
  
• Assuring itself of the effectivness of arrangements for the governance of Carrington including:
  
  • The quality of service provision,
  • the appropriatenewss of organisation arrangements and structures, and
  • The adequacy of internal controls and processes
    
• Overseeing performance against targets and objectives; and
  
• Overseeing reporting to stakeholders on the direction, governance and performance of the organisation.