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Wool Stocktake : AWI Annual Report 2012-13
The Annual Planing and Consultation Cycle formalises key points during AWI's annual planning, as well as key consultation events. It is through the consultation outlined in the Annual Planning and Consultation Cycle that AWI ensures all stakeholder groups have a greater understanding of AWI's role as the RD&M organisation for the Australian wool industry and the ways in which their priorities are reflected by AWI's activities. In 2012/13 AWI continued to improve its engagement with State Farm Organisations and other grower representative groups. AWI's investment in on-farm R&D, off-farm R&D and marketing requires the company to consult a wide range of stakeholders along the supply chain -- from woolgrowers to consumers. While AWI has a robust and broad-ranging consultative framework, engagement with woolgrowers remains a key priority. In 2012/13 AWI continued to enhance and implement an industry engagement strategy to establish and nurture relationships with woolgrowers to improve awareness of AWI's activities, promote two-way exchanges of information, and ensure stakeholder views are incorporated into key corporate planning and activities. The strategy also includes engaging supply chain partners who value and support AWI by partnering in business strategies that deliver benefits to the Australian wool industry. These relationships assist AWI in delivering market information and RD&M outcomes for Australian woolgrowers. Examples by which AWI engaged stakeholders during 2012/13 include: Biannual woolgrower forums Woolgrower Industry Consultative Committee (ICC) meetings State Farm Organisations (SFOs) Regular meetings with woolgrower representative bodies and key processors Numerous forums with woolgrowers in wool producing areas Regional Wool Clip' events Trade and retail partner consultation forums Retailer and brand workshops and roadshows Woolmark licensee workshops and meetings Meetings with manufacturers and media partners in key markets Outreach publications -- primarily the quarterly Beyond the Bale magazine, AWI's online newsletter and the AWI website (www.wool.com). Further detail on AWI's consultation processes is shown in Figure 2 overleaf on page 40. In 2012/13 AWI continued to review and implement its government relations strategy to strengthen relationships with government stakeholders. As one of fifteen rural RDCs, AWI's engagement with the Australian Government is underpinned by the SFA, a contract which governs AWI's expenditure of levy and matching government funding for eligible R&D activities. In 2012/13, AWI's relationship with the Australian Government was shown by successful negotiation of AWI's 2013-2016 SFA. Examples by which AWI engaged government during 2012/13 are: regular interaction with the Australian Government through quarterly meetings, participation in government processes, and day-to-day discussions development of an SFA compliance report (in conjunction with the Department of Agriculture, Fisheries & Forestry (DAFF)) to further demonstrate, on a six-monthly basis, the company's ongoing compliance with SFA requirements development of a quarterly briefing package for DAFF, including similar materials provided to the ICC and SFOs each quarter provision of six-monthly reports to a wide range of government stakeholders on key operational issues offering briefings on R&D and marketing activities and key issues to interested government stakeholders AWI's participation in Council of Rural Research and Development Corporations activities AWI's participation in the development strategies under the National RD&E Framework. In 2012/13 AWI also engaged state government agencies at a corporate level, ensuring this important stakeholder group is aware of key operational issues and is updated on AWI's RD&M activities. As a result of its strong links with its stakeholders in 2012/13, AWI is strongly positioned to: support Australian woolgrowers to adapt to changing market conditions deliver R&D solutions that are responsive to industry and government needs provide a vital link between government and industry to ensure efficient and effective investment in R&D. AWI continues to maintain a strong focus on accountability and on its internal control environment. It engages the services of the following leading professional services firms: is engaged annually to conduct the external audit and report to shareholders. , and provide specific advice on taxation and other related matters pertaining to AWI and The Woolmark Company, as required. GOOD BUSINESS
AWI Annual Report 2013-14
AWI Annual Report 2011-12