The Board Charter sets out the main responsibilities of the Board, which include developing and/or monitoring of:
- Genworth Australia's strategy and performance
- Corporate governance and risk management frameworks
- Financial management
- Regulatory compliance, and
The Board is responsible for ensuring that it has individuals with the necessary skills, experience and independence to meet its objectives. To this end, the composition and performance of the Board is reviewed regularly. The Board is also responsible for ensuring that its Directors are fit and proper, having regard to APRA, ASIC and RBNZ requirements.