Paul Ramsay Foundation CEO Information

Paul Ramsay Foundation

Information Pack Chief Executive Officer

July 2022

Welcome Thank you for your interest in this opportunity.

On the following pages you’ll find all the information you need to better understand the Paul Ramsay Foundation, discover what this role involves and what is required. You will also learn more about the Paul Ramsay Foundation itself, how it works and its leaders.

Contents •

The PRF Story

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Values

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Mission

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Strategic approach

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Current Board

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The organisation and structure

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The opportunity

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The Role

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Further Information

Paul Ramsay AO, 1936 - 2014

The Paul Ramsay Foundation Story Paul Ramsay was a leading Australian businessman. From humble beginnings with one private clinic in Sydney, Paul established and grew Ramsay Health Care grew to become one of the world’s largest private hospital operators, with 480 facilities across 11 countries. Ramsay Health Care employs more than 77,000 staff, treats over eight million patients each year, and is well respected in the healthcare industry for operating high quality private hospitals.

Paul was also a generous benefactor to a variety of educational, cultural, artistic and sporting organisations. In the 2002 Queen’s Birthday Honor's List, Paul was conferred an Officer of the Order of Australia for services to the community. In 2006, he established the Paul Ramsay Foundation.

He died unexpectedly in 2014, leaving the largest philanthropic bequest ever made to the Australian people. Though the value varies with the share market, media reports at the time placed the legacy at around $3.5 billion. This is an extraordinary gift and carries with it a serious responsibility to fulfil the vision.

At the time of his death, Paul was the chairman and major shareholder of Ramsay Health Care Limited, Prime Media Group Limited and the Paul Ramsay Group. He is remembered by his friends, family, colleagues and employees as a true gentleman and a proud but humble Australian.

In commemorating Paul Ramsay AO the foundation now exists to break the cycles of disadvantage in Australia, a mission believe to resonate most strongly with Paul’s values and philanthropic record. The ambition of the Foundation commits its people to do more than just address individual instances of disadvantage. It is a call to action to target cycles of disadvantage and find ways to break them, at first in small experimental ways leading in time to a handful of “big bet” investments.

While the ambition remains singular and constant, its expression through programs will evolve and change over time. As Australian society changes so too will the Foundation’s priorities shift in response. This is a long game as the country’s largest philanthropic foundation.

Paul Ramsay AO, 1936 - 2014

Paul Ramsay Foundation - Mission To break cycles of disadvantage in Australia.

Cycles of disadvantage are numerous, complex and greater than the sum of their parts; so too must be our efforts to break them. The Foundation: • focuses on the most stubborn barriers to change, where multiple cycles of disadvantage collide and experiences of disadvantage persist across generations • partners with individuals and organisations to support promising ideas and methods, scalable innovation and adaptive practice • promotes better and more purposeful use of data to disrupt disadvantage.

• convenes networks of experts which can help us chart pioneering agendas.

• aims to be as bold as the challenges we confront and build ‘ramps’ which enable people to leave a particular cycle of disadvantage.

The Foundation’s mission is to not only close the gap between advantage and disadvantage, but to lead and inspire a systemic approach to social change, strengthening the for-purpose sector, leveraging scale and strategy not seen before.

Building better “off-ramps” People are trapped in cycles of disadvantage not only because of specific issues in their life like poor health, under-education and unemployment but from the dynamic interactions between those issues.

The Foundations builds a portfolio of partnerships around three cross-cutting off-ramps with the potential to disrupt and reconfigure multiple cycles of disadvantage.

Each off-ramp represents a transformative opportunity in an individual life. In aggregate, they become drivers of systemic change.

Paul Ramsay Foundation - Values Initiatives supported by the Foundation reflect the humility, integrity and values of founder, Paul Ramsay.

In implementing the work of the Foundation, the organisation is guided by evidence and the perspectives of those with whom it works. It welcomes expert advice and, as important, the personal testimony and experience of those who have lived with disadvantage.

The Paul Ramsay Foundation collaboratively shapes initiatives with its partners. It then invests in its partners’ projects and provides intensive support because their success defines its own and the achievement of its shared ambition.

When PRF sees groups working separately on parts of a larger problem, it seeks to bridge and connect. With its partners, it tackles initiatives where a unique contribution can be made or it can contribute in a complementary way to a project already addressing disadvantage.

From 2020 onwards, PRF will dedicate a significant proportion of annual funding to help strengthen the for-purpose sector and its potential to make a significant systemic contribution to breaking the cycle of disadvantage. This role for the Foundation will be distinctive and enduring.

Strategic approach The challenge Cycles of disadvantage are numerous, complex and greater than the sum of their parts; so too must be the efforts to break them.

The response • Focus on the most stubborn barriers to change, where multiple cycles of disadvantage collide, and experiences of disadvantage persist across generations.

• Partner with individuals and organisations to support promising ideas and methods, scalable innovation and adaptive practice.

• Promote better and more purposeful use of data to disrupt disadvantage.

• Convene networks of experts which can help chart pioneering agendas.

• Aim to be as bold as the challenges and build ‘ramps’ which enable people to leave a particular cycle of disadvantage.

Beliefs • People are trapped in cycles of disadvantage not only because of specific issues in their life like poor health, under-education and unemployment but from the dynamic interactions between those issues.

• PRF builds a portfolio of partnerships around three cross-cutting off-ramps (with the potential to disrupt and reconfigure multiple cycles of disadvantage. Each off-ramp represents a transformative opportunity in an individual life. In aggregate, they become drivers of systemic change. The three off-ramps are: - Transitions to Employment: Supporting transformative opportunities to access work.

- Thriving Communities: Unlocking and amplifying the strengths of community connection, networks and belonging.

- Learning Lives: Promoting the life-changing influence of education, skills and training throughout people’s lives.

• PRF invests directly in cultivating the capability of its partners and communities. This enhances its combined capacity to broaden the horizon of what it does.

• Growing capability means providing tailored support to nurture the strengths of organisations. PRF is flexible so it can embed at scale, drawing on local knowledge, independent research, and international evidence.

MISSION: BREAKING CYCL ES OF D I S A D V A N TA G E

DIRECTS MISSION STRATEGY, PORTFOLIO MAPPING & LEVERAGING INSIGHTS

HOW WE WORK We invest in partnerships with the potential to break cycles of disadvantage in clearly defined portfolio areas, guided by an impact and evidence-based strategy, which is continuously refined with new research and

data. We develop, monitor and manage our investments, working supportively and

INCREASES IMPACT THROUGH ADVOCACY & ALLIANCES

PU RPOSE

intensively with partners to maximise their chance of success and gather new learning.

We amplify the potential of our work to achieve lasting change through advocacy

and alliances with philanthropy, for-profit organisations and government. We support each other across all functions, including our dedicated corporate supports of finance, operations and communications.

NURTURES SUCCESS W I T H STRONG COMMUNICATIONS, OPERATIONS & FINANCE

MANAGES, SUPPORTS AN D EVALUATES PA RT N ERSH I PS TOWARDS I M PAC T

Paul Ramsay Foundation Ltd Board &Committee Structure

BOARD OF DIREC TORS Michael Traill AM (C hair) Michael Siddle ( Founding) Peter Evans ( Founding) Ilana Atlas AO Robert McLean AM Natalie Walker Kathryn Greiner AO

Grants/Strategy Committee

Finance Risk & Audit Committee

Investment Committee

Talent & Remuneration Committee

The current board Ilana Atlas has been involved in business, education, arts, and community organisations for 35 years. In business, she is Chairman of Coca-Cola Amatil Limited and a non-executive director of ANZ Banking Group Limited and Westfield Corporation Limited. Her last executive role was Group Executive, People, at Westpac.

In the community. Ilana is Chairman of Jawun, an organisation which forms partnerships to benefit indigenous communities, business and government. She is a Director of the Human Rights Law Centre, Jewish Care and Adara Development (Australia). She is also on the panel of Adara Partners. In education, Ilana is a Fellow of the Senate of Sydney University.

Sir Bill English was Minister of Finance from October 2008 to December 2016 and Prime Minister of New Zealand in 2017. He held ministerial roles in finance, health, education, housing and revenue following his election to Parliament in 1990. While in government, Bill English developed Social Investment, a policy innovation for dealing with complex needs of the most vulnerable families and communities. He sponsored development of the Integrated Data Infrastructure (IDI), a world leading repository of linked public service data designed for use by social scientists and non-government organisations. After leaving politics in 2018, Bill with others founded ImpactLab which measures social return on investment for charities and philanthropy funders. His family owns Manawanui, which uses digital tools to support self-direction for people with chronic disabilities. He is also an investor in technology businesses enabling improved social impact. Bill sits on the board of Wesfarmers Ltd, Todd Corporation and other private companies. He is married to Dr Mary English, a medical practitioner, and they have 6 adult children.

Peter Evans joined Ramsay Health Care in 1969, and served as a Non-Executive Director for 24 years before being appointed Deputy Chairman in 2014. He is a Chartered Accountant and, prior to joining Ramsay Health Care, was in public practice for over 20 years with the predecessor firms of KPMG. He specialised in the financial management of hospitals and has more than 45 years’ experience in the healthcare field. Peter has been actively involved with several other charitable organisations over many years including the Southern Highlands Foundation, Hope Health, Church Army, Shoalhaven Anglican and the Anglican Diocese of Sydney.

Sir Bill English

The current board (continued) Kathryn has had the opportunity to contribute in a wide range of leadership positions in public and private companies, government bodies and non-profit organisations. Kathryn has also participated in or led Inquiries into Education: the Gonski Review and NSW Catholic Funding Review and is currently leading a Review into Retirement Villages in NSW. Her professional history has been in social work and early childhood services as well as media roles at Radio 2UE and Channel 10. From 1995 to 2004, Kathryn was an elected Councillor to the Sydney City Council. She is the recipient of an Order of Australia.

Rob is a private equity investor and company director. He had a 25 year career with McKinsey and Company where he was Managing Partner for Australia and New Zealand, and most recently as a Senior Adviser to the firm. In business Rob served on the boards of CSR, Pacific Dunlop and Elders. He recently completed a second term on the Reserve Bank Payment Systems Board. He is an alternate director of Maths Pathway and a member of the Advisory Board of 5V Capital. In the community, Rob serves as Chair of The Nature Conservancy Australia Board and as a director of The Centre for Independent Studies. He was the founding Chairman of Social Ventures Australia and a former President of The Benevolent Society. The McLean Foundation, a PAF established by Rob and his wife Paula, funds initiatives in conservation, literacy and education. Rob obtained a first class honours degree in Economic Statistics from the University of New England, and an MBA from Columbia Graduate School of Business, where he was a Fulbright Scholar. In 2011 he became a member of the Order of Australia for his contributions to social welfare, conservation and to business.

Michael Siddle is Chairman of Ramsay Health Care and a founding director. He joined the company in 1968, and possesses significant knowledge of the healthcare sector and the private hospital industry. He served as Deputy Chairman for 17 years before becoming Chairman in 2014. Michael also has decades of media experience in Australia and overseas, and is a director and former Deputy Chairman of Prime Media Group Limited, one of Australia’s largest regional television and radio operators.

The current board (continued) Michael founded Social Ventures Australia in 2002, after 15 years as a co-founder and Executive Director of Macquarie Group’s private equity arm, Macquarie Direct Investment. Having stepped down as CEO of Social Ventures in 2014, Michael currently has a range of primarily social purpose Chair and board roles including Chair of the Paul Ramsay Foundation; Chair of the Federal Government Social Impact Investing Task Force; Executive Director of For Purpose Investments, a Director of M H Carnegie & Co, Sunsuper (where he is also Chair of the Investment Committee), Hearts & Minds Investments and Australian Philanthropic Services and Adjunct Professor at the Centre for Social Impact at UNSW. He is the author of ‘Jumping Ship – From the world of corporate Australia to the heart of social investment’ which won the prestigious Ashurst Business Literature Prize. In 2010 Michael was made a member of the Order of Australia in recognition of his services to non-profit organisations. He holds a BA (Hons) from the University of Melbourne and an MBA from Harvard University.

Natalie Walker MAICD is a Kuku Yalanji woman from the Daintree Rainforest and holds degrees in Psychology and Law. Natalie has dedicated her career to contributing to reforming social and economic policies to make our country a better place for those experiencing vulnerability. As founder of Inside Policy, a privately-held advisory firm, Natalie advises governments on a range of social and economic policy matters. She was previously the chief executive officer of Supply Nation, an organisation focused on increasing the participation of Indigenous business in the supply chain of Australia’s largest companies.

Natalie has held roles at KPMG Australia, the Australian Human Rights Commission and in the Queensland Government. Natalie sits on various boards including Goodstart Early Learning, Life Without Barriers, Jawun and the Telstra Foundation. In 2002, Natalie made an intervention to the UN Working Group on Indigenous Peoples on the overrepresentation of Indigenous young people in Australia’s criminal justice system. In 2012, Natalie was named as one of Australia’s 100 Women of Influence. In 2018, Natalie was appointed by the Prime Minister as Australia’s representative to the Business Women Leaders Taskforce of the G20.

Natalie Walker

Paul Ramsay Foundation Organisation Chart Chief Executive Officer

Strategy

Portfolio

Alliances

Finance

Operations

Development

Impact Investing

Advocacy

Foundation Investments

People & Culture Events Precinct & Office Mgt.

Insights

Grants Management

Communications

Financial / Management Support

Social Enterprise Management

Payroll

Governance Legal /Corporate Communications

Policy & Design

Evaluation & Learning

Government Affairs

Governance & financials Structure The Paul Ramsay Foundation is an Australian Public Company limited by guarantee registered with the Australian Charities and Not for Profit Commission (ACNC) and is a charity endorsed for tax concessions.

Composition The Board currently consists of 8 directors. As per the constitution the number of directors must be at least 3 and no more than 9. In addition there are currently 3 committees: • Audit, Finance and Risk Committee: Rob McLean (Chair) • Talent and Renumeration: Kathryn Greiner (Chair) • Grant Committee: Rob McLean (Chair)

All Directors are members of the Grant Committee.

Tenure The Non-Executive Director is appointed by the Board for an initial term of 3 years. Directors are entitled to seek reappointment as Directors on 3 occasions provided that a Director’s period of continuous service to the Company does not exceed a period of 9 years, unless otherwise determined by the Members.

Board Meetings Scheduled as both face-to-face and electronic meetings at approximately four times per annum, held from 9am to 2pm. Sub-Committee meetings are conducted four times per annum, usually during office hours, approximately 6 weeks prior to board meetings and usually run for 2.5 hours.

Annual Reports To review the Foundations annual report ending June 2019, please click here. More recent annual reports are available on request.

The Opportunity

The opportunity The Chief Executive Officer is a highly strategic and influentially binding role between the PRF Executive and board, government, philanthropists, social enterprises, policy makers, academia, and the donor/ funding environment. The CEO works in alignment with the Foundation’s values of respect for people, curiosity, loyalty, courage and innovation; and creates and sustains a culture of innovation and enablement with a strong focus on outcomes and real systemic change.

The CEO works in alignment with the Foundation’s values of respect for people, curiosity, loyalty, courage and innovation; and creates and sustains a culture of innovation and enablement with a strong focus on outcomes and real systemic change. Critically, the CEO provides strategic leadership to the Foundation and ensures the day-to- day management and operation of the organisation is aligned with PRF’s strategic direction.

This includes all areas of management including but not limited to; strategy, people, operations, financial resources, risk, board and partnership engagement while at the same time managing the performance and effectiveness of the Senior Executive Team.

The CEO is responsible for amplifying PRF’s impact on breaking cycles of disadvantage. The role demands strategic leadership, focused on motivating and inspiring a talented team, committed to positive social change within complex ecosystems.

Further information about the role and responsibilities are available in the accompanying position description.

The opportunity (continued) To be successful candidates will demonstrate the following:

• Significant senior executive management / CEO experience with demonstrated strategic, financial, people and culture, operational and performance management experience with a strong personal reputation • Critical and proven experience building, leading and transforming a high performing team culture • Deep, sophisticated and practical understanding of policy and practice in the entrenched cycles of disadvantage and the evolving nature of social change in Australia, underpinned by the capability to apply systems thinking • Well-honed people and stakeholder management skills, including the ability to form and sustain collaborations amongst key stakeholders at a range of levels including NFP’s, government, philanthropists, social enterprises, academics, researchers and policy makers • Exceptional ability to articulate a clear and compelling vision for the Paul Ramsay Foundation and garner support from stakeholders at every level to enable delivery • Proven ability to champion effective change both inside and outside an organisation • Sound experience working effectively with, engaging and reporting to a board

• Demonstrable financial management skills including experience in grant management and deploying resources for social impact • Critical experience as a strategist and creative thinker who can champion PRF’s core values and protect the Foundation’s reputation and integrity • Undergraduate qualification in relevant field • Professional and/or postgraduate qualification in relevant area desirable

Application Details Applications should be made by submitting a full CV, with a covering letter outlining why you are interested in representing Paul Ramsay Foundation and how your skills and experience align to this opportunity.

All applications should be submitted via the People for Purpose website The closing date for applications is Sunday 17 July 2022. All applications will be acknowledged.

More information

Further information Paul Ramsay Foundation website https://paulramsayfoundation.org.au/

Paul Ramsay Foundation in the news https://www.academicgates.com/news/story/3m-gift-to-improve-education-outcomes-for-aboriginal-and-torres-strait-islander-students/11981 https://www.abc.net.au/radionational/programs/drive/producer-tim/12249278 https://www.smh.com.au/politics/federal/australia-s-largest-philanthropic-fund-announces-plan-to-tackle-poverty-20200513-p54sjp.html

https://www.philanthropy.org.au/stories-Paul-Ramsay-Fdn-new-strategy/ https://thesector.com.au/2020/05/18/paul-ramsay-foundation-unveils-plan-to-break-cycle-of-disadvantage-support-children/ https://www.theguardian.com/australia-news/2019/may/29/ramsay-foundation-may-cut-ties-with-centre-for-western-civilisation https://philanthropynewsdigest.org/news/paul-ramsay-foundation-pledges-20.5-million-for-bushfire-relief https://probonoaustralia.com.au/news/2020/05/the-top-end-of-philanthropy-surges-in-2019/

https://finance.nine.com.au/business-news/ramsay-foundation-sells-1-4b-in-shares/4a7b2de0-b8ab-4e2a-8f81-02ed49d558ab https://about.unimelb.edu.au/newsroom/news/2020/march/paul-ramsay-foundation-commits-$4m-towards-covid-19-response https://www.afr.com/street-talk/chris-cuffe-joins-paul-ramsay-foundation-investment-committee-20200131-p53wmi https://www.afr.com/property/commercial/hesta-suncorp-paul-ramsay-foundation-back-disability-housing-fund-20200429-p54o2o