Corporate Governance Documentation
To operate effectively and with accountability, and to ensure member value is maximised and protected, the RACI Board is responsible for adhering to a stringent corporate governance structure as set out in the following documents.
The Constitution is the set of rules lodged with the Department of Consumer Affairs that define the purpose and scope of the RACI, how surpluses can be distributed, Board and membership structure, meeting rules (both Board and general meetings), disciplinary procedures and closing down requirements. The Constitution can only be changed by a 67% affirmative vote at a General meeting specifically called to vote on the changes.
The By-laws are a set of detailed rules that cover aspects such as how the membership process runs, how the RACI is structured, and how the various business units should work. The rules are subject to the constitution. The By-laws can be changed by a 67% affirmative vote at a a Board meeting,
The Code of Ethics (conduct) is a description of the ethics and behaviours expected from members of the RACI. Members failing to uphold their requirements may be removed from the membership roll. The Code of Ethics (conduct) can be changed by a 67% affirmative vote at a Board meeting.
The Governance Charter sets out the responsibilities of the Board and the key protocols for the operation of the Board conforming to good governance practices. The Board is responsible for ensuring that the RACI has an appropriate corporate governance structure with appropriate accountability and control systems in place. The Governance Charter documents these systems.
Fiduciary Duty Overview sets out what is expected of RACI members while performing their duties as Board members (equivalent to directors).
RACI Historical Documentation In the spirit of transparency we welcome you to view the financial results over the past seven years