Governance

The Macdoch Group is the family office of Prue and Alasdair MacLeod, with offices in Sydney and London.

The Macdoch Foundation, the family’s Australian philanthropic foundation, was established in late 2019 and is a registered charity with the Australian Charities and Not-for-Profits Commission. It operates exclusively to deliver on charitable purposes as prescribed and defined by the Charities Act (Cth) 2013.

Our Commitment to Governance

The Board is strongly committed to best practice concerning governance. To ensure best governance, we have implemented a governance framework comprised of the following policies and procedures (in addition to our constitution):

Conflicts of Interest Policy & Procedure
Related Party Transactions Policy & Procedure
Investment Policy
Grants Policy

Conflicts of Interest

Our Conflicts of Interest Policy & Procedure provides guidance to Directors, Officers and Committee members in complying with their obligations to take all reasonable steps to avoid actual or perceived conflicts of interest.

Related Party Transactions

Our Related Party Transactions Policy & Procedures statement ensures relevant transactions are handled in compliance with good governance, requiring us always to assess whether any related party transaction is in the Foundation’s best interests.

Investments

The Foundation’s investments are overseen by an Investment Committee, consisting of a sub-committee of the Board, the Chief Executive Officer, the Secretary, and independent investment advisors. The Foundation’s funds are managed by an institutional fund manager.

Our Investment Committee meets four times a year. Our Investment Policy Statement is reviewed annually.

Grants Policy

Our Grants Policy & Procedure provides clear guidelines to assist both staff and Directors with all grant-making decisions. This policy outlines the activities or projects we are unable to fund and sets out the criteria for assessing grant applications.

The Board of the Foundation meets four times a year.