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Board Audit and Risk Committee (BARC)

NAIF’s BARC held five meetings during the reporting period, with Committee Chair Mr Bill Shannon supported by Directors Mr Justin Mannolini and Ms Karla Way-McPhail who joined the BARC effective 23 August 2018. Ms Way-McPhail replaced Professor McCormick after his appointment as Chair of NAIF effective 1 August 2018.

Representatives of NAIF’s internal auditors, McGrathNicol, participated in one of the BARC meetings to discuss the outcomes of completed internal audits and to discuss and review the forward internal audit work plan.