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Wool Stocktake : AWI Annual Report 2008-09
Directors' report (continued) Chairmanship Mr W B Merriman was appointed Chairman of the Board on 19 November 2008. Mr R J Fletcher was appointed Deputy Chairman of the Board and Chairman of the Remuneration & Appointments Committee on 19 November and 26 November 2008 respectively. Mr B P van Rooyen resigned as Chairman of the Board on 19 November 2008. Mr K A Boundy resigned as Chairman of the Remuneration & Appointments Committee on 19 November 2008. Mr C R Olsson was appointed Chairman of the Finance & Audit and Marketing & Intellectual Property Committees on 26 November 2008 and 29 January 2009 respectively. Dr M L Sheil was appointed Chairman of the Marketing & Intellectual Property Committee on 26 November 2008 and resigned on 29 January 2009. Dr C J Abell resigned as Chairman of the Finance & Audit and Marketing & Intellectual Property Committees on 19 November 2008. Mr G B S Falkiner was appointed Chairman of the On-Farm RDI Scientific & Welfare Committee on 26 November 2008. Dr J S Keniry resigned as Chairman of the On-Farm RDI Scientific & Welfare Committee on 19 November 2008. Insurance of officers During the year, Australian Wool Innovation Limited paid an insurance premium of $55,885 (2008:$52,939) to insure the directors and officers of the entity against liability and professional indemnity. Proceedings on behalf of the company No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the company, or to intervene in any proceedings to which the company is a party, for the purpose of taking responsibility on behalf of the company for all or part of those proceedings. No proceedings have been brought or intervened in on behalf of the company with leave of the Court under section 237 of the Corporations Act 2001. Non-audit services The Group may decide to appoint the auditor on assignments additional to their statutory audit duties where the auditor's experience with the Group and/or the consolidated entity are important. Details of the amounts paid to the auditor (PricewaterhouseCoopers) for audit and non-audit services provided during the year are set out in note 27 to the Financial Statements. Dividends Paid AWI's Constitution does not allow the company to pay any dividend. Environmental regulation The entity's operations are not subject to any particular or significant environmental regulations under either Commonwealth or State legislation. Statutory funding agreement obligations In addition to annual reporting requirements, there are additional reporting requirements imposed upon the company under clauses 16-18 of the Statutory Funding Agreement between Australian Wool Innovation Limited and The Commonwealth of Australia. A number of the matters identified in this report contain commercial in confidence information and the company has elected to exercise its prerogative to provide that report separately to the Commonwealth on an in confidence' basis.
AWI Annual Report 2007-08
AWI Annual Report 2009-10