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Wool Stocktake : AWI Annual Report 2016-17
CORPORATE SERVICES STRATEGY EXPENDITURE DURING 2016/17 $1,151,000 project expenditure FINANCE SERVICES INVESTMENT FOCUS Risk Management Manage the company’s global investment and foreign currency exposure within the approved guidelines. Financial Management Provide the business with timely, accurate and useful reporting to enable effective decision making and ensure financial corporate compliance. STRATEGIC TARGETS Targets for three-year period 2016/17 to 2018/19 Progress during 2016/17 1. Compliance – no default notices for financial reporting. On target. 2. Risk – Manage the group reserves policy ensuring the reserves are maintained to target. On target. 3. Provide financial reports to the Board/management and audited financial statements. On target. PEOPLE SERVICES INVESTMENT FOCUS Talent Acquisition Identify needed skills and competencies and look at alternative ways to source talent. Talent Management Building leadership/workforce capability to ensure the skill sets of our people are relevant and will feed succession plans. STRATEGIC TARGETS Targets for three-year period 2016/17 to 2018/19 Progress during 2016/17 1. Talent Acquisition – talent recruited matches business needs. On target. 2. Engagement – Year on year improvement in employee engagement measure. On target. 3. Workplace Culture – Compliance with local and international employment legal requirements and key HR policies globally. On target. LEGAL SERVICES INVESTMENT FOCUS Company Secretary Services Provide company secretary services as required. Legal Support Provide commercially sound legal advice and support as required. Intellectual Property Manage AWI's IP portfolio, trademark registrations and support Woolmark licensing program. STRATEGIC TARGETS Targets for three-year period 2016/17 to 2018/19 Progress during 2016/17 1. Provide legal and commercial advice and support to the company in order to reflect is strategic and commercial needs as well as mitigating risks. On target. Advice was provided to the company that was both commercially astute and legally sound, at all times limiting our exposure. Continued overleaf REPORT OF 2016/17 OPERATIONS – BUSINESS SERVICES 49
AWI Annual Report 2015-16