VFMC governance

VFMC’s governance framework gives us clear responsibilities for our role and clear accountabilities to our clients, our people and the public.

Our governance is guided by:

  • Legislation
  • Instrument of Delegation
  • Prudential Standard
  • Board and Committee Charters
Legislation

VFMC was established under the Victorian Funds Management Act 1994 (the Act). We are a public authority and body corporate governed by an independent Board of directors whose members are appointed by the Governor in Council. The Chair is appointed by the Treasurer.
 

how we’re legislated
Accountability

VFMC complies with the Prudential Standard; VFMC and the Centralised Investment Model, 1 Oct 2016, plus our own Code of Conduct Policy, which requires our employees to act in accordance with the Code of Conduct for Victorian Public Sector Employees. Our employees are accountable to each other, our clients and the people of Victoria.

our accountabilities
Disclosure

VFMC follows a strong disclosure regime under its governance framework. As a transparent public authority, we adhere to clear disclosure procedures and practices. This includes our use of consultancies, our reporting and providing information on request to the relevant minister.
 

more about disclosure

VFMC news

Supporting best practice in investment risk management

VFMC recently completed its Investment Risk Uplift Project to further elevate portfolio risk capabilities...

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VFMC Welcomes New Additions to Leadership Team

VFMC welcomes the appointment of new Chief Operating Officer, Lucy Carr, and Chief Finance...

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Vale Jack Diamond

VFMC is saddened by the recent passing of financial innovator and respected former VFMC...

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VFMC welcomes former CEO Lisa Gray to the Board

The Victorian Funds Management Corporation (VFMC) has announced the appointment of former Chief Executive Officer, Ms Lisa Gray to the Board of VFMC effective 1 January 2022.  In her...

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