The Board of
This statement outlines the Company's Corporate Governance Practices in place at
The following persons were Directors of WHSP for the whole of the financial year
Mr Robert D Millner - Chairman
Mr Todd J Barlow - Managing Director
Mr Michael J Hawker AM - Lead Independent Director
Mrs Tiffany L Fuller
Mr
Mr Warwick M Negus
Mr Robert G Westphal
Mrs Josephine L Sukkar AM was appointed as a Director on
Principle 1 - Lay solid foundations for management and oversight
The Board is ultimately responsible for the operations, management and performance of the Company. In discharging this responsibility, the Board delegates to senior management, whose role is to manage the Company in accordance with the directions and policies set by the Board. The Board monitors the activities of senior management in the performance of their delegated duties.
It is the responsibility of the Board to determine policies and practices and to satisfy itself that the Company is compliant with statutory, legal and other regulatory obligations.
Diversity
The Company values and respects the skills that people with diverse backgrounds, experiences and perspectives bring to the organisation. Diversity of thought is a key selection criteria for WHSP. The Company is committed to rewarding performance and providing opportunities that allow individuals to reach their full potential irrespective of background or difference. When appointing new staff or promoting people within the organisation the most suitably qualified candidates are selected. As a result, diversity is promoted throughout the organisation.
The Company has established a Diversity Policy to formalise its commitment to providing equal access to opportunities irrespective of background or difference. The policy may be viewed on the Company's website at www.whsp.com.au/policies. The policy governs the conduct of all directors and employees of the Company. WHSP as an active investor, engages with its investee companies to encourage and promote diversity throughout their organisations. The Company has adopted the ASX Corporate Governance Principles and Recommendations on diversity.
Gender Diversity
The proportion of women on the Board of Directors of the Company as at
Under Workplace Gender Equality Reporting, a senior executive is defined as a person who is involved in the strategic or high level decision making process within their business segment of the organisation. The Company had eight senior executives as at
Board Reviews
The Chairman is responsible for monitoring and assessing the performance of individual Directors, each Board Committee and the Board as a whole. The Chairman meets with each Director and provides feedback regarding their performance. At this meeting each Director is invited to comment on the performance of the Board as a whole and the performance of other Directors. The Board as a whole continuously monitors the efficiency and effectiveness of its operations on an informal basis. Each Director's performance was assessed, as set out above, during the year. The Board periodically uses an external facilitator to conduct its performance reviews. Such a review was undertaken in 2019.
Contact:
Tel: +61 2 9210 7070
Fax: +61 2 9210 7077
(C) 2020 Electronic News Publishing, source