Annual Report : Annual Report 2011-2012
TRUST BoaRd, TaUmaTa-a-IwI and ExEcUTIvE TEam Principle 4 Reporting and Disclosure The Trust Board prepares and publishes a Draft Annual Plan in advance of each financial year and invites submissions on the Plan and its financial forecasts. The Annual Plan and anticipated contribution by Auckland Council for Museum funding for the financial year commencing 1 July annually is required to be approved by Auckland Council. Shortly after the end of each 30 June financial year, the Trust Board publishes its Annual Report. Included in this are full financial statements for the year and a statement of service performance. Together these enable the actual results and outputs for the year to be compared with those measures included in the Annual Plan. The annual plans and annual reports are distributed widely and are available from the Museum website. Principle 5 Remuneration The Trust Board members’ remuneration information is approved by the Auckland Council and is published in the Annual Plan (per member) and in the Annual Report as part of the aggregated amount for key personnel. Principle 6 Risk Management The Trust Board and Museum through the work of the Audit and Risk Committee have introduced and implemented a Risk Management Policy and Risk Management Register for identifying and reporting material business and environmental risks to the Board. This programme is undergoing internal trials and is subject to continuous improvement. Principle 7 Auditors The Trust Board through the work of the Audit and Risk Committee oversee the independent external audit process. The audit process is undertaken by Deloitte who report on both the financial statements and the statement of service performance included in the Annual Report. Principle 8 Stakeholder Relations The Trust Board fosters constructive relationships with stakeholders including the Auckland Council, the Regional Facilities Auckland, Auckland Museum Institute, the Taumata–a–Iwi, the RSA and the Museum Circle. It has actively encouraged the engagement of the whole community with the Museum on all levels of activities ranging from the formal Annual Plan process to public meetings over the proposed renewal of Museum galleries. 23 Principle 9 Stakeholder Interests The Trust Board respects the interests of all Museums’ stakeholders and is committed to the needs and expectations of its visitors and communities of Auckland. The Museum recognises the role of the communities in enhancing exhibitions, care and understanding of the collections, taonga and the War Memorial.
Annual Report 2012-2013