RAA is a mutual service organisation, the activities of which are governed by the RAA Constitution and by the Associations Incorporation Act 1985 (as amended). It's governed by a Board of non-executive Directors, elected by RAA members, and a Managing Director, appointed by the Board.
The management and control of the funds and other property of the RAA are vested in the Board of Directors.
RAA and its Board of Directors must act in accordance with the RAA Constitution and are bound by various statutory, common law and policy constraints in relation to the governance of the RAA.
To ensure RAA adheres to the highest governance standards possible, RAA’s governance policies, procedures and disclosure practices are also guided by certain provisions of the Corporations Act 2001 (Cth) (as amended) and the Australian Stock Exchange – Corporate Governance Principles and Recommendations.
Although not legally bound by these requirements, RAA has elected to adopt appropriate provisions in order to strengthen its administrative structures and maintain the highest standards of integrity and accountability.
Board of Directors and CommitteesThe RAA Board of Directors is comprised of up to twelve non-executive Directors elected by RAA members.
Group Executive TeamThe RAA Group Executive Team comprises a Managing Director RAA, a Chief Executive RAA Insurance, six General Managers and a Chief Financial Officer.
Annual ReportsReleased each November, the Annual Reports explain RAA activities and business.
AGM and Board of Directors electionRAA’s Annual General Meeting (AGM) and Board of Directors Election are opportunities for members to have their say on how RAA is governed.