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Wool Stocktake : AWI Annual Report 2016-17
industrial producers a raw material which is both cost effective and eco-friendly. Special responsibilities: Chair, Science & Welfare Committee Finance & Audit Committee member. DR MEREDITH L SHEIL MBBS FRACP PhD GAICD Experience and expertise: Dr Sheil is a specialist Paediatrician, Medical and Veterinary Research Scientist, Honorary Associate of the Sydney University Veterinary School, and a Commercial Woolgrower. Dr Sheil is a founding director of Medical and Animal Ethics R&D, responsible for inventing / developing a wound anaesthetic for lambs undergoing mulesing and is currently pursuing research into the development of similar practical and affordable pain relief medications for livestock, companion animals and humans. Dr Sheil is a local government councillor, member of the board of NSROC (North Shore Regional Organisation of Councils) and a Graduate of The Australian Institute of Company Directors. MRDAVIDAA WEBSTER Experience and expertise: Mr Webster has spent his working life putting together a wool growing, livestock and cropping enterprise. A keen student of economics, he is a strong advocate of private enterprise commerciality and competition. He advocates upholding the rights of farmers without undue regulation and impediments to running their businesses. Mr Webster places a high priority on giving value to shareholders, particularly for compulsory levy payers. Mr Webster is Chairman of iron ore resources company Athena Resources Limited. He is also a Director of Australian Wool Testing Authority Ltd. Special responsibilities: Chair, Finance & Audit Committee Remuneration & Appointments Committee member Science & Welfare Committee member. COMPANY SECRETARY The Company Secretary is Mr Jim Story BA, LLB, FGIA. THE BOARD OF AWI The AWI Board sets the Company’s strategic direction and delegates responsibility for day-to-day management to the Chief Executive Officer (CEO). The Board is committed to governance systems that enhance performance and ensure AWI operates according to accountability provisions required by various Acts, Regulations and Guidelines. A report on corporate governance is on page 52. The Board has several committees that monitor and guide specific activities. These committees assist the Board to effectively implement, monitor and enforce appropriate corporate governance throughout the Company. Finance & Audit Committee Chaired by David Webster Directors are appointed by the Board provide guidance and recommendations to the Board and to the CEO to assist in fulfilling their responsibilities relating to risk, accounting, reporting and compliance practices of the Company. The Finance & Audit Committee meets periodically to address all matters within its charter. Remuneration & Appointments Committee Chaired by Colette Garnsey This Committee provides guidance and recommendations to the Board and the CEO in matters pertaining to recruitment and retention of employees and policies governing remuneration for current and potential employees. The Remuneration & Appointments Committee meets periodically to address all matters within its charter. Science & Welfare Committee Chaired by James Morgan This Committee was established to provide guidance and recommendations to the Board and CEO regarding the scientific and research policies of the Company and on the conduct of programs relating to activities undertaken by the Company that utilise science or impact animal welfare activities. The Science & Welfare Committee meets periodically to address all matters within its charter. Board Nomination Committee Established to assess the skills of those seeking election to the Board of AWI, the five-member Committee was introduced in 2011 in accordance with AWI’s Statutory Funding Agreement with the Australian Government. It convenes in each Director’s election year. The Committee members comprise three external members and two AWI Board members. The Chair is one of the external members. For 2017, the members of the Board Nomination Committee will be: Ms Katrina Hodgkinson, a Member of the NSW Legislative Assembly from 1999 to 2017, and has served in several ministerial portfolios including Primary Industry; Mr Brian van Rooyen, who served as a director of AWI from 2002 until his retirement from the board in 2015 and has also served on the boards of several bodies with interests in the wool industry; Mr Rob Ashby, past President of the World Federation of Merino Breeders, and Member of the Order of Australia; and AWI Directors Wal Merriman and Meredith Sheil. The objectives and responsibilities of the Board sub- committees are set out in the ‘Charter of the Committees of the Board’ and the objectives and responsibilities of the Board Nomination Committee are set out in the ‘Board Nomination Committee Charter’. Both of these documents are available on the AWI website www.wool.com. UP FRONT 7
AWI Annual Report 2015-16
AWI Annual Report 2017-18