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Wool Stocktake : AWI Annual Report 2017-18
STRATEGIC TARGETS Targets for three-year period 2016/17 to 2018/19 Progress during 2017/18 1. Provide legal and commercial advice and support to the company in order to reflect its 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. 2. Manage the company’s intellectual property assets to ensure that they are protected and their value enhanced and provide assistance with commercialisation. On target. The company’s IP Portfolio was proactively managed to ensure that its IP assets remain protected globally – see page 63. 3. Administer the affairs and corporate governance for AWI, its Board, Board Committees as well as its subsidiaries, branches and representative offices to ensure their observance of legal requirements. On target. Adherence to all corporate governance commitments has been attained – see page 60. EVALUATION SERVICES INVESTMENT FOCUS Measurement Processes Provide internal support in terms of measurement processes and analytics. External Expertise Engage independent agent to audit program level M&E methods and evaluations. STRATEGIC TARGETS Targets for three-year period 2016/17 to 2018/19 Progress during 2017/18 1. All AWI Programs will be evaluated on a routine basis. On target. The performance of each AWI program is reviewed regularly by AWI’s CEO and executive team and the AWI Board on a quarterly basis. Note: For further information on AWI program monitoring and evaluation, see page 61. WOOLMARK STRATEGY EXPENDITURE DURING 2017/18 $947,000 project expenditure LICENSING INVESTMENT FOCUS Administration and Branding Respond appropriately to changing commercial drivers to ensure the ongoing relevance and applicability of the Woolmark brands. Quality Control Simplify Woolmark licensing processes and deliver licensees with a range of products and/or services that provide a clear value add to their business. STRATEGIC TARGETS Targets for three-year period 2016/17 to 2018/19 Progress during 2017/18 1. Maintain License numbers at the 2015 level. Slippage. The Woolmark licensing program is under strategic review and repositioning to more robustly associate the mark with Australian-grown wool. 58 REPORT OF 2017/18 OPERATIONS – BUSINESS SERVICES
AWI Annual Report 2016-17