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S E C T I O N 1 1 : Governance

ALLIANCE ANNUAL REP ORT 2018

BOARD MEETINGS

MEE TING AT TENDANCE

Ten board meetings are scheduled each year with extra meetings held if required. Comprehensive management reports are provided to directors prior to board meetings being held. The board encourages the chief executive to bring to board meetings employees who can provide additional insight into the matters being discussed because of direct involvement in those matters.

The table below reports attendance of directors at board and board committee meetings during the year ended 30 September 2018.

AUDIT AND RISK COMMIT TEE The Audit and Risk Committee comprises five directors who meet three times a year. The committee operates under terms of reference approved by the board and is required to establish a framework of internal control mechanisms and ethical standards to ensure proper management of the company’s affairs. The committee is responsible for ensuring that arrangements are in place to adequately manage areas of significant business risk. The committee reviews the annual external audit plan and the report of the auditors following completion of the audit. It assists the board to meet its accounting and reporting responsibilities under the Companies Act 1993 and related legislation. The committee is also responsible for the internal audit plan and reviews all internal audit reports. REMUNER ATION AND NOMINATIONS COMMIT TEE The Remuneration and Nominations Committee comprises three directors meeting two or more times a year. The committee operates under terms of reference approved by the board. The committee provides oversight of the people strategy of the company, assists the board on remuneration and performance management policies and procedures for the company and specifically the appointment, remuneration, performance goals and reviews of the chief executive and senior management. The committee also participates in annual succession planning reviews and selection processes as required for key senior positions, and assists with the appointment of independent directors, the review of the board and board remuneration.

Board

Audit & Risk Committee

Remuneration & Nominations

Number of Meetings*

10

3

3

M J Taggart

10

3

3

S M Brown**

5

2*

2*

10

3*

3*

R G Drummond

9

2*

3*

J A Miller

9

3*

3*

G R Milne

10

3

3

D G Morrison

10

3

3*

H D Sangster

9

3

3*

P M Schuyt***

7

3

2*

V C M Stoddart

10

3*

3

J G Collie

*Non-committee member in attendance. In addition to the above board meetings held in person, the board also met on five occasions by telephone conference. **Appointed to board March 2018 ***Appointed to board December 2017

COMMUNIC ATION WITH SHAREHOLDERS Alliance makes every effort to keep shareholders informed of all major developments affecting their company. Information is communicated to shareholders through the Alliance website, annual report, Product Disclosure Statement, regular company newsletters and emails including “Brief Bites”. Each year a series of meetings is held throughout the company’s stock catchment areas at which the chairman and chief executive update shareholders on issues affecting the company and the industry. These meetings also provide the opportunity to receive and discuss feedback on issues important to shareholders. The board welcomes full participation of shareholders at these meetings.

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Profile for alliance12

Annual Report 2018  

Annual Report 2018