Finance, Audit and Risk Committee

The ASC Finance, Audit and Risk Committee advises the Board on matters relating to ASC financial management and strategic planning, efficiency, physical assets, risk management and all aspects of internal and external audit and compliance matters, as well as NSO finances.

During the reporting period, the Committee, chaired by Andrew Plympton, continued to have a particular focus on reviewing and reporting on NSO finances, reviewing the ASC’s financial statements, monitoring the ASC’s PGPA Act legislative compliance, and overseeing the internal audit programme.

The Finance, Audit and Risk Committee met on seven occasions during 2014–15, including meetings where members participated by teleconference.

summary="The Finance, Audit and Risk Committee met on seven occasions during 2014–15, including meetings where members participated by teleconference."

Governance and Executive Performance Committee

The ASC Governance and Executive Performance Committee advises the Board on better practice corporate governance for the ASC and NSOs, and on executive performance and remuneration issues.

During the reporting period the Committee focused on monitoring NSO compliance with the ASC’s Mandatory Sports Governance Principles, reviewed and established performance objectives for the ASC CEO and senior executives, considered the committee structures and skills mix of the Board and Committees, reviewed arrangements for succession planning and performance development, and tracked Board member conflicts of interest.

The Governance and Executive Performance Committee met four times in 2014–15.

Commercialisation, Innovation and Technology Committee

The ASC Commercialisation, Innovation and Technology Committee operated in 2014–15 to advise the Board and ASC management on opportunities in commercialisation, innovation and technology, relating to Australian sport. The Committee worked with ASC management to explore, develop and monetise commercial opportunities; examine and determine innovation opportunities for implementation; and take a leadership position on technology opportunities.

The Committee focused on building the capacity of NSOs, improving the capability of the ASC to measure and monitor, and providing a revenue platform for the ASC and its sport partners. The Committee also considered other relevant priorities that presented a threat or opportunity for the organisation in the short to medium term including shared services, digital ecosystems and the commercialisation of intellectual property.

The Commercialisation, Innovation and Technology Committee met on three occasions between 1 July 2014 and March 2015, at which time the Committee was discontinued.