The Board of Commissioners
(the Board) is the governing body of the Insurance Commission. It has legislative authority to
exercise and perform the powers, functions and duties conferred or imposed on the Insurance Commission under the Insurance
Commission of Western Australia Act 1986.
The Board is responsible for:
- the overall corporate governance of the Insurance Commission;
- approving its goals, strategic directions and budgets; and
- ensuring that legal compliance; ethical behaviour and proper risk
management processes are in place and operate effectively.
The structure of the Board is subject to the following parameters:
- The Board must comprise at least three and not more than six persons appointed as commissioners;
and the Managing Director who is a Commissioner ex officio.
- Commissioners are appointed by the Governor on the nomination of the Minister.
- The Minister appoints a Chairperson and Deputy Chairperson from the six non-executive Commissioners.
- Commissioners are appointed for terms up to three-years and are eligible for re-appointment.
- The composition of the Board should be diverse, with members having varied commercial backgrounds.
There are six non-Executive Commissioners, including the Chairman and Deputy Chairman, and one
Executive Commissioner being the Managing Director (Chief Executive Officer).
Code of Conduct
The Insurance Commission’s Code of Conduct requires all Board members to act with honesty,
fairness and integrity and to display the highest ethical standards at all times.
Board Performance
Board members completed a Board Performance Measurement Questionnaire as part of its annual
evaluation process.
