The Board is supported by four standing committees:
The role of the Audit Committee is to assist the HBF and Subsidiary Boards in fulfilling their responsibilities relating to the preparation and integrity of HBF’s financial reporting, external audit, appointed actuary; and audit and assurance (internal audit).
The Committee provides advice to the Board on the people and culture aspects of the organisation, including advice on the implementation and operation of HBF’s remuneration framework and HBF’s people and culture obligations.
The Committee reviews and advises on HBF and Subsidiary Board composition (including succession planning and renewal), Director selection and removal, Board and Director performance, and Directors’ skills, training and development.
The primary objective of the Committee is to assist the Board and relevant subsidiary Boards in fulfilling their responsibilities relating to risk management and internal control, compliance and insurance.