Corporate Governance

Our Board of Directors recognise the need for the highest standards of corporate behaviour and accountability in order to fulfill its responsibilities to the Group’s stakeholders, who include its shareholder, customers, employees, suppliers, the community and the environment.

In keeping with this, the Board’s responsibilities include determining and reviewing the Group’s strategic direction and operational policies; establishing targets for management and monitoring the achievement of these targets; reviewing and approving the Group’s annual business plan; approving all significant business transactions; monitoring risk exposures and risk management systems including those relating to occupational health and safety, and; approving and monitoring reporting to the shareholder.

The Group also operates in accordance with Governance Protocols established by the shareholder, which cover, amongst other things, the function, composition, nomination, performance and remuneration processes of Directors together with the reporting obligations of the Group and Board performance.

The Board consists of six independent non-executive Directors, including the Chairman, who each bring a balance of skills, experience and diversity to help the company meet its strategic objectives.

Non-executive Directors meet periodically, in line with better governance, without the Chief Executive Officer or other management present. In accordance with the company’s constitution, one third of the Directors must retire each year, however if eligible, may offer themselves for re-election.

The Board is fully involved with setting the strategic direction of the Company, as well as reviewing the current performance on a monthly basis, with the overall vision to achieve growth in the performance of Citywide.

The Board of Directors oversees the Executive Management team. 


 

Hon. John M Brumby

Chairman

John was Premier of Victoria from 2007– 2010 after spending seven years as the State’s Treasurer. He is currently the Chairman of the Motor Trades Association of Australia Superannuation Fund Pty Ltd, Chair of the Olivia Newton-John Cancer Research Institute, Deputy Chair of the Industry Super Australia, a Director of Huawei Australia and the Fred Hollows Foundation and Vice-Chancellor’s Professorial Fellow at both the University of Melbourne and Monash University.

Ms Janice van Reyk

Director

Janice is a Director of Melbourne Water, Port of Melbourne Corporation, Northern Territory Environment Protection Authority, Independent Member of the Audit & Risk Committee, the Salvation Army and an Independent Member of the Audit, Finance & Risk Committee, Sustainability Victoria. She is a member of the Environment Institute of Australia and New Zealand and a Fellow of the Australian Institute of Company Directors. Janice is experienced in environmental and stake-holder issues on infrastructure projects and public policy in the water, energy, waste and transport sectors.

Ms Andrea Waters

Director

Andrea is an experienced auditor, accountant and Non-Executive Director. She is a Director and Fellow of Chartered Accountants Australia & New Zealand and a member and accredited facilitator of the Australian Institute of Company Directors. She is a former partner with KPMG, Director of the Lord Mayor’s Charitable Foundation and Board of Management Lord Mayor’s Charitable Fund and CareSuper. She has previously been a Director of Cancer Council Victoria.

Ms Prue Willsford

Director

Prue has extensive experience in the financial services sector and is the CEO of The Australian and New Zealand Institute of Insurance and Finance (Australia, Hong Kong and China) and has held senior leadership roles at National Australia Bank and State Trustees. Prue was the Deputy Chancellor of Victoria University and held various roles on the university council, including Chair of the Resources Committee.

Mr Paul Hardy

Director

Paul previously served as Global CEO of Aurecon, Executive Chairman at Connell Wagner, and Executive Director at GHD. He was recognised by Engineers Australia in 2009, 2010, 2011, 2012 and 2013 as one of the 100 most influential engineers in Australia, and he has more than 35 years of experience in the consulting industry. He is a Director of Pitt & Sherry, Director of Collingwood Football Club Foundation and Strategic Advisor at St Vincent’s Health Australia. Paul is a fellow of the Institution of Engineers Australia and a graduate of the Australian Institute of Company Directors.


Mr Peter Lamell

Director

Peter has served on over 25 boards across the energy, power, services, technology, telecommunications and not-for-profit sectors. He has broad global senior executive experience having worked in the UK, US, Europe, Asia/Pacific, Canada and Australia with a prime focus on successfully building and turning around a number of complex businesses. He spent over 20 years working with Shell and was a member of the Board of Shell Australia. He is a member of the Advisory Board of 8over8 Ltd, Director of the Melbourne Forum, Chairman of Renew Australia, President of Lorne Sculpture Biennale and is a fellow of the AICD. He has a Senior Executive MBA from Melbourne Business School.