As an organisation entrusted with managing significant assets on behalf of others, Funds SA recognises the importance of operating under a robust governance framework. This framework is designed to ensure that Funds SA:
- mitigates investment, operational and other risks;
- acts with accountability, transparency and integrity; and
- complies with relevant statutory and regulatory obligations.
Statutory and Regulatory Obligations
Funds SA is incorporated under South Australian legislation as an instrumentality of the Crown of South Australia. Funds SA adheres to obligations applicable to South Australian public sector entities in addition to aligning with various prudential and conduct obligations and best practice.
Accountability
Funds SA recognises that accountability is essential to good governance. Funds SA reports on its activities and performance to the Minister regularly.
Funds SA is subject to legislated audit and public interest disclosure obligations. Funds SA’s executives are accountable to Funds SA’s Chief Executive Officer, who in turn is accountable to the Funds SA Board, ensuring clear lines of accountability within the organisation.
Risk Management and Compliance
Management of risk is reflected in Funds SA policies, systems and processes. Funds SA believes that managing risk is iterative and that effective risk management can assist in setting strategy, achieving objectives and making informed decisions. Funds SA implements systems designed to identify, assess and mitigate risks that could impact investment performance, operational integrity and reputation.
Corporate Governance
Funds SA embeds strong corporate governance practices throughout the organisation, including through implementation of various board and management committees. Effective decision-making policy and frameworks provide clear directions on roles, responsibilities, and ethical conduct, ensuring that governance is not only a matter of compliance but one of organisational culture.
Funds SA Policies
Funds SA policies provide clear guidance, consistency and accountability across the organisation. They establish standards for decision-making, compliance, and ethical conduct. Funds SA reviews its organisational policies regularly to ensure alignment with Funds SA’s evolving legislative and regulatory landscape, technological advancements and community expectations.
