AbbreviAtioNs eXeCUtive sUMMArY executive summary Introduction AuditObjective AuditScope AuditMethodology Background KeyFindings Conclusion CentrecorpResponse Recommendations AUDit FiNDiNGs AND CoNCLUsioNs 1. Centrecorp’s structure and operations Background CentrecorpstructureandoperationsAimsandobjectivesofCentrecorp2. source and application of Australian Government funding Sourceoffunds Applicationoffunds3. Financial performance and position FinancialperformanceofrelevantbusinessesFinancialpositionofrelevantbusinessesFinancialperformanceandpositionofCentrecorp4. Corporate governance and transparency Trustarrangements Boardmembership Managementofconflictsofinterest ReportingtotheAustralianGovernment ReportingtoshareholdersPublicprofile Directorsfees 5. benefits for Aboriginal people in Central Australia Increasedassetbase EmploymentoutcomesCharitabledonationsFoundation APPeNDiCes AppendixA–ListofDirectorships