Board Communique November 2024
Dear Members
Principals Australia Research Foundation Ltd.’s (PARF) Board met via Teams Meet on Friday 8 November. The agenda included 3 key matters:
1. Research and Development Funding Round 2026
2. Investment Portfolio Review
3. Board Capability and Operational Plan 2025.
Research and Development Funding round 2026
The Board resolved to review the Research and Development Funding Guidelines 2026, and the Application Form 2026 based on recent direct experience. Both documents will be available on the website following the PARF Board meeting in May 2025.
Investment Portfolio Review
The Board resolved that the Finance and Investment committee will develop a tender document for the Board’s consideration for the future management of the investment portfolio and a tender process to be implemented in 2025. The Board will also undertake a full review of the investment policy. Following the tender process, the Board will contract the existing or new investment portfolio manager for 2026-2032 period.
Board Capability and Operational Plan 2025.
Directors have completed the Director capability matrix. This information will assist the Board to identify future possible Directors who could add strategic capabilities to the skills, knowledge and experiences of continuing Board members. The Board resolved to adopt the proposed Operational Plan 2025 and 2025 Budget. As there will be two Directors retiring at the April 2025 AGM, the Board resolved to finalise the PARF Strategic Plan 2025-2028 at the May 2025 meeting. This will allow input to the Strategic Plan 2025-2028 by the new Directors.