Members Login
Apply

Melbourne Racing Club

Governance

Governance

The Committee of the Melbourne Racing Club is responsible for the governance of the Club. 

MATTERS RESERVED FOR THE COMMITTEE

The following matters are reserved for approval by the Committee and clearly define the limits of delegated authorities to Management:

  • Senior Appointments;
  • Matters relating to Committee and Senior Management;
  • Relations with Members and Stakeholders;
  • Financial Matters;
  • Strategy;
  • Capital Expenditure;
  • Operational oversight;
  • Internal controls and reporting systems; and
  • Affixing of the Common Seal.

SUB-COMMITTEES

The following Sub-Committees have been established to assist the Committee in carrying out its functions. Each Sub-Committee acts in an advisory capacity making recommendations to the full Committee.

Sub-Committee Role Meeting Frequency
Finance To review and make recommendations to the Committee in respect of the financial affairs of the Club, budgetary review and general oversight of the Club’s financial affairs. Monthly
Risk, Compliance and Audit To assist the Committee in discharging its responsibilities with respect to risk management systems and protection of the Club’s assets and to oversee the Club’s relationship with internal and external auditors. At least quarterly
Strategic Planning To assist the Committee in the development of the Club’s strategic plan and develop recommendations for implementation of key strategic initiatives. As required
Nomination and Remuneration To assist the Committee in its oversight responsibilities on Committee selection, performance and succession planning, together with employee superannuation matters. As required

Major Sponsors

Quick Links

© Copyright 2012 Melbourne Racing Club