5 Quick Facts about our Board of Trustees
- The board is the governing body of Rātā Foundation. They are appointed by the Minister of Finance for a four-year term.
- The Board has amongst its members a balanced representation from throughout its four funding regions- Canterbury, Nelson, Marlborough and the Chatham Islands. The range of expertise at the Board table ensures a range of broad-based skills and wisdom is applied to its governance standards.
- The Board is responsible for the policy direction of Rātā Foundation. This includes strategic planning, budgets and investments, grants and other policies. It delegates day-to-day management to the Chief Executive.
- The Board operates under a charter which includes a Code of Conduct in which all trustees commit to acting ethically and professionally and to avoid conflicts of interest with respect to their fiduciary duties.
- The Board has six standing committees:
- Remuneration
- Audit, Risk and IT
- Managed Investments
- Direct Investments
- Housing
- Maori and Pasifika
