The board of Racing Victoria will be independent from 2017, according to Racing.com. The state's Minister for Racing, Martin Pakula, said in a statement, “It is no longer appropriate for the board of Racing Victoria to be chosen by the people and organisations that it regulates. With the positions of permanent Chairman and new CEO to be filled in the near future, this announcement provides prospective candidates with clarity and certainty around the future governance arrangements for Racing Victoria. The Government will continue to work cooperatively with the board of Racing Victoria while legislation is developed and the new structure is implemented.”
Pakula added, “Racing is an industry which employs tens of thousands of Victorians and is worth hundreds of millions of dollars. It is vital that an industry of such importance has a modern and independent governance structure to match.”
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