Meeting of NDIA Board
Minutes
The contents of this document are OFFICIAL: SENSITIVE
27 March 2024 9.00am – 2.15pm AEDT MS Teams
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Minutes
1OFFICIAL: SENSITIVE
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Board Committee Update
Ms Mitchell introduced the item and provided an overview of the key matters for the Board’s consideration, as set out in the paper. In particular, Ms Mitchell highlighted the statutory requirements and good governance principles relevant to the Board’s review of the committee structure and membership, the changes made to the Audit and Risk Committee Charter since it was reviewed at the joint Audit and Risk Committees on 14 March 2024, and the steps taken by the Agency to update the Board’s Skills Matrix.
The Board discussed the new committee structure and mix of skills within the current Board membership. The Board noted that, although the current mix of skills and experience is sufficient and relevant to the Agency’s functions, the vacant Board member role may benefit from a candidate with financial/accounting expertise, to further strengthen the experience brought by the newly appointed specialist advisor, Dr Ian Watt AC, to the Audit and Risk Committees.
The Board undertook to provide the Board secretariat with any further information that should be included on the skills matrix, including the information that Board members would provide to the Audit committee if they were to become members.
Resolution:
The Board considered the skills and experience of members and agreed to the proposed membership of Board Committees (as set out in paragraph 4.5 of the paper).
The Board endorsed the Audit & Risk Committee Charter.
Council and Committee Matters
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Joint Audit & Risk Committees update
Chair of the Audit Committee, Dr Innes, provided a brief verbal update noting the audit activities currently underway and the Committees’ commitment to continue working positively with the ANAO.
Action 2: Draft committee minutes to be included in papers for Board going forward.
Action 3: Board Secretariat to schedule Minister’s attendance at the next meeting in May or an out of session meeting.
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6.1. Chief Risk Officer Report (Q2 FY2023-24)
The Board discussed and noted the Q2 FY2023–24 Chief Risk Officer report as tabled at the 14 March 2024 Joint Audit and Risk Committees meeting.
The Board approved the proposed cyber security key risk indicators for Strategic Risk 6 — Scheme Integrity.
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