11.1 Role

The role of GOC boards (as defined in Section 88 of the GOC Act) specifically includes the following matters:

1. responsibility for the GOC's commercial policy and management
2. ensuring that, as far as possible, the GOC achieves, and acts in accordance with, its statement of corporate intent and carries out the objectives outlined in its statement of corporate intent
3. accounting to the GOC's shareholders for its performance as required by the GOC Act and other laws applying to the GOC
4. ensuring that the GOC otherwise performs its functions in a proper, effective and efficient way.