Board of Directors’ Governance
WATC’s Board of Directors is responsible for the performance of the functions of WATC under the Western Australian Treasury Corporation Act 1986.
In order to ensure that WATC carries out its functions in the best interests of the State, our clients and other stakeholders, the Board of Directors (the Board) of WATC sets the strategic direction of WATC, with the agreement of the Treasurer, and establishes the policies and principles under which WATC operates.
The corporate governance processes established by the Board ensures that they are able to fulfil WATC’s statutory obligations, guide the affairs of WATC and oversee WATC’s performance. The Board relies on and holds to account the Chief Executive Officer for the operational management of WATC and implementation of the strategic direction.
Board Composition
The membership of the Board is determined in accordance with Section 5B of the
Name | Position | First Appointed | Term Expires |
---|---|---|---|
Michael Barnes | Chairperson | Statutory | Statutory |
Michael Court | Deputy Chairperson | 1/07/2017 | n/a |
Kaylene Gulich¹ | Chief Executive Officer | Statutory | Statutory |
David Brumby | Director | 17/02/2020 | 31/12/2022 |
Philippa Hobson | Director | 17/02/2020 | 31/12/2022 |
Susan Murphy | Director | 01/01/2019 | 31/12/2021 |
1 The Chief Executive Officer is the only director with executive responsibilities.
n/a: not applicable.
The Secretary to the Board is Steven Luff, Chief Financial Officer.
Board Remuneration
The annual remuneration for WATC’s Board is as follows:
Name | Type of Remuneration | Period of Membership | 2020–21 $ |
---|---|---|---|
M Barnes | Not eligible | 12 months | 0 |
M Court | Not eligible | 12 months | 0 |
K Gulich1 | Not eligible | 12 months | 0 |
D Brumby | Annual | 12 months | 41,598 |
P Hobson | Annual | 12 months | 47,815 |
S Murphy | Annual | 12 months | 41,598 |
Board Responsibilities
The Board is responsible for the performance of the functions of WATC under the Act. These functions include:
In fulfilling this role, the Board guides and monitors the affairs of WATC. This includes:
Constitution and Proceedings of the Board
The Constitution and proceedings of the Board are provided for in Schedule 2 of the Act.
Statutory Corporations (Liability of Directors) Act 1996
WATC’s directors are bound by the provisions of the
The new Bedfordale Fire Station in the City of Armadale was built with the assistance of debt funding
from WATC.