The Board is accountable to the Hon. Dominic Perrottet MP, NSW Treasurer.
The Board is a governing Board and all decisions relating to the functions of icare are to be made by or under the authority of the Board, including the appointment of the CEO. The CEO is a Director of the Board as well as Chief Executive of each Authority. The Board has ultimate authority over icare’s management and has delegated the day to day operations of the organisation to the CEO. The Board has delegated certain functions and responsibilities to its Committees as well as the CEO to assist in the oversight of the organisation and discharge of its responsibilities.
In addition to appointing the Board, the Minister along with the Treasurer approves icare’s annual Statement of Corporate Intent. The Minister may also give the Board written direction if it is in the public interest to do so after consulting with the Board.
The Board, consisting of eight Non-Executive Directors and the Chief Executive Officer, was appointed by the Minister under the State Insurance and Care Governance Act 2015 in October 2015.
The Non-Executive Directors are highly skilled and bring extensive experience to icare including insurance, customer experience, transformation, financial and investment management, healthcare, disability and care services, technology/digital and strategy.
As a governing Board, the objectives of the Board are to provide leadership and to determine and monitor:
- the strategic direction, organisational objectives including the progress and performance of their implementation
- the policy framework and icare’s general policies, providing direction to the CEO and governing the organisation’s operations.
The Board has established four committees to assist it with its oversight and governance responsibilities. The Investment and Asset Committee, People and Remuneration Committee, Technology and Innovation Committee and Risk, Compliance and Audit Committee each chaired by a Non-Executive Director of the Board and have a minimum of four Directors.
The Board and its Committees have established charters that outline their responsibilities as required by NSW Treasury’s Commercial Policy Framework and the NSW Government's Guidelines for Boards and Committees.
Michael is the Chair of icare; Chair of Link Group Ltd; Smartgroup Corporation Limited; and Adexum Capital limited and also a board member of Infrastructure Australia.
Michael Pratt AM
Michael is Deputy Chair of icare; the Secretary of NSW Treasury; and Deputy Chancellor of Western Sydney University.
David is Chair of the Risk, Compliance and Audit Committee; a Member of the Investment and Asset Committee; and a Member of the Foundation Committee.
Elizabeth Carr AM
Elizabeth is Chair of the Foundation Committee; a Member of the People and Remuneration Committee; and the Risk, Compliance and Audit Committee.
Lisa is Chair of the Customer, Innovation and Techology Committee; a Member of the Risk, Compliance and Audit Committee; and a Member of the Foundation Committee.
Mark is a Member of the People and Remuneration Committee, the Risk, Compliance and Audit Committee; the Customer, Innovation and Technology Committee; and the Foundation Committee.