BOARD Corporate Governance Throughout the year the Board maintained a proactive role in risk management and corporate decision-making processes. The Board offered a range of expertise in the disciplines of finance, legal, sponsorship, marketing and business management. The Board met on a regular basis throughout the year. In addition to board meetings, the Chairman met with the Executive Director on a regular basis. A package is prepared for the Board by the Executive Director for distribution one week prior to each meeting. This package includes the board agenda, minutes from the previous meeting, a summary of resolutions and actions from the previous meeting, financial papers, written reports, copies of key correspondence, contracts and media. The Minute Register is held in the companyâ€™s offices. The Board monitored the companyâ€™s finances at the Finance Committee and at board meetings and the Financial Consultant reviewed finances throughout the year. The Board ensured that the company maintained adequate insurance covers including workers compensation, directorsâ€™ liabilities, public liability insurance and travel insurances. The company produced a comprehensive Risk Management Report for Opera in the Park and maintained risk reports on productions. The Board delegated the day-to-day operation of the company to its Executive Director. All matters of significance were referred to the Board for discussion, review and decisionmaking at monthly Board meetings and at subcommittee level.