Governance
___
VIFM Council and Committees
The VIFM Council
Section 67 of the VIFM Act 1985 provides that the governing body of the Institute is the VIFM Council.
The VIFM is defined as a “public entity” under the Public Administration Act 2004 and its governing body, the VIFM Council, is defined as being a “public entity board”. Therefore, the Members of the VIFM Council are directors of a public entity board and oversee the management of the VIFM as a public entity. They have a strategic and stewardship role in leading the VIFM. They do not, however, participate in day-to-day management which is undertaken by the Director and Chief Operating Officer of the VIFM and other staff.
The VIFM Council governs the Institute on behalf of the Attorney-General, sets the overall strategic direction of the organisation and provides high level oversight of senior management’s actions in implementation of that strategic direction. It informs the Attorney-General and Department of Justice and Regulation of major risks to the public entity and of the measures in place to address those risks.
To support the VIFM Council, four committees exist to help ensure compliance with legislative, accreditation and other regulatory requirements. These include:
The Executive and Finance Committee
The Audit and Risk Committee
The VIFM Ethics Committee
The Donor Tissue Bank Advisory Board