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:
- Instrument of Delegation
- Prudential Standard
- Board and Committee Charters
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.
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
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.