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Wool Stocktake : AWI Annual Report 2015-16
STRATEGY 14: CORPORATE SERVICES STRATEGY 14 RESOURCES DURING 2015/16 $1,293,000 project expenditure + 21.3 AWI staff (full time equivalent) INVESTMENT FOCUS • Stakeholder Engagement: This includes regional engagement events with woolgrowers, the AWI Helpline, Beyond the Bale magazine for stakeholders, and supply chain support in Australia. • Finance: This strategic period will focus on consolidation and continual enhancements to the progress we made in providing a reliable and flexible business system that meets the requirements of the company in Australia and internationally. • Information Technology: In this dynamic time, the role of IT is shifting and the desired outcomes are to balance the absolute need for stability and security with a more flexible ‘ecosystem’ that accounts for increased workforce mobility. • Human Resources: Our goal is to have inclusive leaders who foster a culture of employee engagement and commitment by developing our current employees, recruiting strategically and providing a safe workplace. We achieve this by fostering a performance-based culture and delivering consistent HR advice, support and coaching to both managers and team members. • Legal Services: AWI employs four lawyers across different parts of the organisation. Legal services are an integral support service for the businesses. The aim for this support service is to deliver high–quality and timely legal advice to business units at all times. STRATEGIC TARGETS Targets for three-year period 2013/14 to 2015/16 Progress during 2015/16 Stakeholder Engagement: Undertake regional engagement events with woolgrowers and AWI shareholders. Achieved. AWI has attended events across Australia to consult with and inform woolgrowers about AWI activities and to promote wool. Stakeholder Engagement: Undertake grower and industry consultation on specific industry challenges and opportunities. Achieved. Forums held on topics including wool selling systems review, brokering and exporting, and animal health and welfare. Stakeholder Engagement: Undertake liaison between AWI and the supply chain to assist the wool trade promote their business. Achieved. Facilitation undertaken including organising visits by the overseas wool trade partners to Australian farms and providing sourcing information. Finance: Ensure forward Contracts Reserve is sufficient to cover global contractual commitments on an annual basis. Achieved. Finance: Operating Reserves should be set each year end as the equivalent of 75% of operating cost for the next financial year. Achieved. Finance: Maintain emergency Reserve of $5 million to cover our obligations under the EADRA. Achieved. IT: High availability of systems with no planned outages – at 99% stability. Achieved. IT: Internal support task respond within defined internal service levels. Achieved. HR: Employee engagement activities undertaken, actions developed to target opportunities for improvement. Achieved. HR: Action learning leadership program successfully completed by potential future leaders. Achieved. Action Learning Program undertaken in Turkey which has resulted in a number of positive changes to how AWI manages this region. HR: Paper based processes replaced by on-line electronic processes. Achieved. AWI constantly looks at ways to improve current processes. HR: Compliance with employment laws and statutory requirements in each jurisdiction. Achieved. AWI constantly ensures it keeps updated with changing requirements in each jurisdiction. Legal: Manage the Board’s adherence to the Board and committee charters, the constitution, the Statutory Funding Agreement and other guiding documents. Achieved. Adherence to all corporate governance commitments has been attained. Legal: Continue to ensure AWI’s commercial needs are reflected in its contracts, using wherever possible, a range of standard contract templates. Achieved. Legal Services team provided advice and support in relation to all legal matters and ensured that its contracts were up-to-date and accurate. Legal: Manage AWI’s IP portfolio to ensure that AWI’s IP assets are protected and commercialised in accordance with the IP policy. Achieved. Legal Services team provided sound commercial and legal advice in relation to all matters relating to IP. REPORT OF 2015/16 OPERATIONS – GLOBAL BUSINESS SERVICES 49
AWI Annual Report 2014-15
AWI Annual Report 2016-17