Monthly Market Reports
Monthly insights into economic, finance and trade issues affecting global demand for wool, and what this means for the Australian wool industry.
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The Board has established a number of committees that monitor and guide specific activities. These committees assist the Board to effectively implement, monitor and enforce appropriate corporate governance throughout the Company. There are currently three Board sub-committees and a Board Nomination Committee:
Finance & Audit Committee
Chaired by David Webster
Directors appointed by the Board provide guidance and recommendations to the Board and the CEO to assist in fulfilling their responsibilities relating to risk, accounting, reporting and compliance practices of the Company.
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.
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.
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 Federal Government. For 2015, the Committee members comprised three external members and two AWI Board members.
The AWI Board is committed to adopting corporate governance principles and best practice recommendations in broad terms consistent with the rest of the corporate business community.
The corporate governance policies for the Company include the following (listed with their dates approved by the Board):
Further information on AWI's corporate governance framework is available in AWI annual reports.