Governance & Corporate Responsibility

The DMTC Board is responsible for overseeing the management and strategic direction of the Company. Each Director is elected for a two-year term by the Company’s Members at the Annual General Meeting (AGM). As required by the company’s Constitution, the Directors have a comprehensive and complementary range of skills and experience covering areas such as Defence Industry, Defence systems and policies, education and research, financial and risk management and corporate governance.

The DMTC AGM was held on 16 November 2021 and in accordance with the Company Constitution, Directors Mr Tony Quick, Dr John Best, Dr John Harvey and Professor Caroline McMillen retired by rotation at the meeting, re-nominated and were subsequently re-elected to the Board of Directors.

The DMTC Partner and Stakeholder Workshop was also held on 16 November 2021. The workshop provided partners and Stakeholders with an update on the Company’s achievements for the 2020-21 financial year, ongoing and planned program activities and an update on anticipated future activities.

The Audit, Risk and Remuneration Committee is a formal subcommittee of the DMTC Board. The Committee assists the Board in its decisions on financial reporting, internal control structures, internal and external audit functions, compliance, governance and risk management systems and remuneration policies. The Committee is comprised solely of non-executive Directors of DMTC, the majority of whom are independent.

The DMTC Management Team continues to work towards realising its commitment to corporate social responsibility. During the reporting period, the Company continued to implement environmental and sustainability initiatives such as social impact procurements and eliminating avoidable business travel. More broadly, individual members of the management team are engaged in corporate volunteering programs.