Governance and leadership discussions at the Better Boards Conference

Presentation

Quality, Audit & Risk – different tasks, different thinking

Jane Boag


Head of Enterprise Risk Advisory at VMIA

Jane Boag B. App Sc (OT), Grad Dip Community Health, GAICD, MICD Jane has held a variety of senior and executive roles in health and related fields such as aged care, private health insurance and the Transport Accident Commission (TAC). She has also held a number of Director roles in Community Health, Aged Care, Disability and the Arts sectors. Throughout her career, Jane has demonstrated her focus on positive client experiences and strong business performance outcomes.

Jane's understanding of risk management and governance is the focus of her current role at VMIA as Head of Enterprise Risk Advisory, where the team provides risk management advice to the Victorian public sector.

Most Board sub committees have accountability for combinations of Quality, Audit & Risk functions. Management roles also often combine accountability across functions, even though different skill sets and thinking are required. Skillsets/experience is often skewed to one domain and each of these domains is different in its focus and the type of information that directors should be seeking to make informed decisions.

Each domain has compliance requirements but should that be the focus of committee discussion? How do these functions support decision making to respond to complex and uncertain environments, with increasing compliance requirements and the need to be agile?

In her presentation, Jane will explore the following:


  • • Definitions of Quality, Audit and Risk

  • • What information is usually presented to the Committee under each domain and why

  • • What types of questions Directors should consider under each domain

  • • How Directors can move beyond compliance requirements

  • • How Directors can support management to ensure meaningful information is presented across all areas of accountability


Quality, Audit & Risk are three different concepts that require different thinking and questions but together they’re a powerful force for Boards to make good decisions.



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