Corporate governance refers to the systems and structures by which an organisation is directed and controlled. In the sport and active recreation environment, corporate governance can be described as the process by which an organisation is made responsive to the rights and wishes of its members and stakeholders. Effective governance is an essential component of any successful organisation.
The WA Sports Federation (WASF) Board is committed to continual improvement in the area of corporate governance and has procedures in place for the regular review of its Governance Framework.
As an incorporated association, WASF is governed by their rules of association. This set of rules are widely known as a Constitution. The WASF constitution includes all rules and by-laws of the Federation and aims to regulate the overall management of the incorporated association. It provides important matters including: management committee elections, meetings, and financial records.
The Governance Principles document details the five key principles of effective governance that have been adopted by the WASF Board, incorporating:
- Clear delineation of governance roles
- Conduct of meetings and business
- Effective governance controls
- Governance improvement
- Member responsiveness
Board Governance Charter
The purpose of the Board Governance Charter is to establish an effective governance framework for WASF to promote a consistent standard of corporate governance practice that promotes sound and prudent management in the interests of all stakeholders. The Charter sets out the responsibilities of the WASF Board as well as the key protocols for the operation of the Board.
Risk Management Framework
The Risk Management Framework is comprised of a Policy, Plan and Register that work in unison to mitigate the Federation’s risk. The ongoing assessment and review of the Framework ensures effectiveness and relevance.
The Risk Management Policy outlines the risk management culture of WASF and the commitment and expectations of the Board for the management of risk.
The Risk Management Plan is designed to guide the implementation of the Risk Management Policy.
The Risk Register is a reporting tool designed to centrally store all strategic and operational risk information.