To assist in the execution of their responsibilities, the Board has established an Audit Committee and a People and Remuneration Committee.
Attendance at Meetings by Directors
Details of attendance at the Board and Board Committee meetings by each director during the year are shown in the table below.
|Director||Board||Audit Committee||People and Remuneration Committee|
|M A Barnes||6||5||3||2|
|M J Court||6||5||4||4|
|J M Collins V1||6||6||4||4||3||3|
|C A Nance||6||5||4||4||3||3|
|J A Seabrook||6||6||4||4|
|G J Searle||6||5||3||3|
1 J M Collins V was invited to attend Audit Committee Meetings.
The role of the Audit Committee, as set out in the Terms of Reference approved by the Board, is to give the Board additional assurance regarding the quality, integrity, reliability and adequacy of WATC’s accounting and internal control systems, financial reporting and compliance processes.
The Audit Committee is responsible for contact with WATC’s external and internal auditors to ensure that significant issues and information arising from the auditors’ activities are brought to the attention of the Board. At meetings of the Audit Committee, the external and internal auditors are invited to address the Audit Committee without management present. The Chairperson reports to the Board after each meeting, including any findings and recommendations of the Committee.
The members of the Audit Committee at 30 June 2018 were:
|Catherine Anne Nance||Chairperson|
|Michael John Reginald Court||Member|
|Jennifer Anne Seabrook||Member|
The Secretary to the Committee was Thomas W Branch, Compliance Officer.
The members of the Audit Committee are non-executive directors.
People and Remuneration Committee
The People and Remuneration Committee reviews and makes recommendations to the Board on remuneration packages and policies applicable to the employment terms and conditions for all of our people, including the Chief Executive Officer.
With the approval of the Board, the People and Remuneration Committee uses the services of external remuneration experts to advise on appropriate levels of remuneration and other terms and conditions of employment for our people, including the Chief Executive Officer.
The remuneration and allowances payable to appointed directors are determined by the Treasurer on the recommendation of the Minister for Public Sector Management. The terms and conditions of service for the Chief Executive Officer require the concurrence of the Minister.
The members of the People and Remuneration Committee at 30 June 2018 were:
|Michael Anthony Barnes||Chairperson|
|John MacPherson Collins V||Member|
|Catherine Anne Nance||Member|
|Grahame John Searle||Member|
The Secretary to the Committee was Rebecca L Ridgway, Human Resources Manager.
Constitution and Proceedings of the Board
The Constitution and proceedings of the Board are provided for in Schedule 2 to the Act.
WATC’s directors are bound by the provisions of the