FHRI Fund governance model

The governance model for the Future Health Research and Innovation (FHRI) Fund has several components.

The essential governance requirements are set out in the Act. Other governance provisions are outlined in the accompanying Governance Framework, while policies and processes guide the day-to-day operation of FHRI Fund.

The key governance-related provisions in the Act include the following:

  • The Minister for Health must establish and maintain an Advisory Council for the FHRI Fund.
  • The Minister for Health must seek recommendations from the Advisory Council on how money in the FHRI Account is applied and must consider the recommendations the Advisory Council provides.
  • There will be a Governance Framework, which sets out the requirement for a Strategy and Priorities for funding.
  • Transparency is assured by requiring that the Governance Framework, the Strategy and Priorities, recommendations sought and received by the Minister for Health from the Advisory Council, and all funding awarded are tabled in Parliament and published on the FHRI Fund website.
  • The Advisory Council must address conflicts of interest and include the steps to be taken if the member has any actual, perceived or potential material conflict of interests.

Further details are provided on the FHRI Fund Act page.

 

Advisory Council

The Act requires the Minister for Health to establish and maintain the Advisory Council, which will guide the application of investment income from the FHRI Fund. The Advisory Council is made up of eminent persons with experience in fields such as research, innovation, business, law, finance, corporate governance and the philanthropic, charitable and not-for-profit sectors.

The members of the Advisory Council are described below.

  • An expert in consumer and community health matters.
  • A research expert and an innovation expert, with these positions intended to be filled from outside WA.
  • Three members with experience in fields such as business, law, finance, corporate governance and the philanthropic, charitable and not-for-profit sectors.
  • One of the members will be expert in regional health matters and one will be expert in Aboriginal health matters.
  • The Minister for Health will appoint one of the above members as the Chair.
  • There will be two non-voting State Government members, one of whom will be the Director General of the Department of Health, or nominee.

Biographies of Advisory Council members are available on the Advisory Council page.

Because of the high-level, strategic nature of the Advisory Council, Expert Committees will be formed as required to provide advice about contemporary issues and opportunities, to contribute specialist knowledge, or to assist with peer review processes to select funding recipients.

 

The FHRI Fund Governance Framework

The Governance Framework supports the Act by providing details about process, policies and responsibilities that allow the FHRI Fund to operate responsibly, efficiently and transparently.
For example, the Governance Framework sets out the roles and responsibilities of the Minister for Health and the Department of Health, describes how the Strategy and Priorities for the FHRI Fund will be developed and that evaluating the impact of the FHRI Fund will be done systematically, among other things.

The current version of the Governance Framework (v1.0, October 2020), which has been approved by the Minister for Health, can be downloaded below.

FHRI Fund Governance Framework v1-0 - cover

 

Last Updated: 21/04/2021