RSLQ 2021 Annual Report

Continued on next page 93 T he Board of RSL Queensland is supported through committees that assist in developing and managing the organisation’s governance structure and capabilities. Each committee comprises members of the Board and additional independent committee members. Each committee operates under a committee charter or Terms of Reference. Committees do not have decision-making authority, but they advise and make recommendations to the Board. Each committee is supported by business units within the organisation, such as Corporate Services and Veteran Affairs and Policy, and are assisted in their operations by the Company Secretary. The committee structure has been established to ensure RSL Queensland can deliver its governance responsibilities in pursuit of our charitable Objects and our purpose to ensure a bright future and enduring legacy for all veterans and their families. BARRY VAINS OAM Chair, Audit & Risk Committee Audit & Risk Committee The Audit & Risk Committee provides advice and recommendations to the Board to ensure an understanding and appreciation of the present and future risks regarding the financial and general operations of RSL Queensland. The Committee plays a key role in assisting the Board to fulfill its oversight responsibilities in areas such as financial reporting, risk management systems, the culture of RSL Queensland, and the internal and external audit functions. In 2021, the Audit & Risk Committee oversaw the risks associated with the financial and operations of RSL Queensland with the continued onset of the COVID-19 pandemic, particularly the effect on RSL Queensland Committees 1 Audit & Risk Committee 2 Nomination & Remuneration Committee 3 Investment Committee 4 Governance Constitution & Awards Commitee 5 Veteran Affairs & Policy Commitee the RSL Art Union revenue stream, the safety of RSL Queensland staff and RSL volunteers, and the business continuity of the organisation. The committee also oversaw the establisment of an Internal Audit function within RSL Queensland. In 2021, recruitment of an additional member to fill an IT skills gap on the committee commenced, with the appointment finalised in 2022. RSL Queensland Annual Report | 2021 RSL Queensland Committees