A short Board meeting was held over zoom on Monday, 24 March 2025 to review and approve the 2024 Statutory Financials.

The Board accepted that the Report gave a true and fair view of the College’s financial position and approved the Report. The Board also approved the RACP (Aotearoa New Zealand branch) Report for 2024.

The AGM Notice of Meeting and Explanatory Memorandum for 30 May 2025 in Sydney was approved. The Board also approved the Governance Reform Consultation Timelines. This is a very important issue for our College given past governance issues on the College Board, the intervention of regulators and their recommendations. See link to the ACNC compliance page on the RACP Website: ACNC compliance. As such, the Board has agreed to take a vote to members on a variety of governance matters in either November 2025 or May 2026. The Board believes these governance changes should be put to our members for feedback regarding what we need to set up our organisation for the future.

Governance reform is a very large and complex area, and there will be formal communications and opportunities for discussion coming. The current recommendations from the Board include separation of the RACP President and Board Chair roles, the introduction of a skill-based nominations committee and the change in composition from a 7:3 (physician director : external director) to potentially a 5:5 ratio where the members elect five members and the nominations committee appoints five members, noting the clarified role of the College Council as the member voice to the Board, and its new composition.

The next full Board meeting will be on Friday, 2 May 2025.

Kind regards

Professor Jennifer Martin
Chair of the RACP Board and RACP President