Under the NAIF Act the Board is required to meet a minimum of twice each financial year. The Board met thirteen times during the reporting period. Meetings were held in northern Australia, including Cairns, Townsville and Mackay. Six of the Board meetings were held by telephone. A meeting was also held in Brisbane, in Canberra and two were held in Perth. In line with the BARC Charter, some Board members also attended BARC meetings during the reporting period.

The Board also participated in strategic planning and workshops to review, monitor and update NAIF’s strategic direction and risk management framework, including its risk appetite. A strategic workshop on communications and stakeholder engagement was also held in FY18-19.

Figure 11: Summary of Board Member meeting attendance in FY18-19

^M BARC member, other directors attended as outlined although not official members of BARC.

[1] Board Members were not eligible for a Board Meeting in circumstances where the meeting was specifically to consider a project on which they were conflicted.

[2] Professor Khory McCormick resigned from BARC effective 23 August 2018.

[3] Ms Karla Way-McPhail joined BARC effective 23 August 2018.

[4] Mr Ross Rolfe was appointed on 1 August 2018 and resigned effective 17 April 2019.

[5] Ms Kate George was appointed effective 29 March 2019.