Citywide recognises the need for the highest standards of corporate behavior and accountability.
The Citywide Board recognises the need for the highest standards of corporate behavior and accountability in order to fulfill its responsibilities to the company’s stakeholders who include its shareholder, customers, suppliers, employees, the community and the environment.
In keeping with this responsibility the company, in consultation with its shareholder, has established a Code of Governance Practices to ensure the Board is well equipped to discharge its responsibilities.
This code covers amongst other things the function, composition, nomination, performance and remuneration processes of Directors together with the reporting obligations of the Company and requires the Chairman to review the individual performance of each of the Directors.
The Board consists of seven Directors, six independent non-executive Directors, including the Chairman, and an executive Managing Director. A significant majority of the Board are independent non-executive Directors and consist of Directors who bring a balance of skills, experience and diversity to assist the company to meet its strategic objectives.
Non-executive Directors meet periodically, in line with better governance, without the Managing Director 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 in 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.
As part of this process the Board has three committees, Finance and Operations, Remuneration, and Audit and Risk Management. These committees have their own written charter setting out the role, the responsibilities and the manner in which the committee is to operate.
Each is comprised entirely of non-executive Directors who provide support to the full Board by giving a professional and skilled focus in each of the three areas. All matters determined by committees are submitted to the full Board as recommendations for Board decision.
Citywide Directors
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Mr Mark Birrell, newly appointed Chairman
Mark is a Company Director and lawyer and is the Chairman of the Port of Melbourne Corporation. He also chairs the peak industry body, Infrastructure Partnerships Australia. Mark is a former Cabinet Minister responsible for Major Projects. He is a Fellow of the Australian Institute of Company Directors and, amongst his other roles, is Deputy President of the Victorian Employers Chamber of Commerce & Industry.
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Hon. John M Brumby, Director.
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 Limited, a Director of Huawei Australia and a Vice-Chancellor’s Professorial Fellow at both the University of Melbourne and Monash University.
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Mr Peter Lowe, Director.
Peter Lowe was appointed to the Board of Citywide on 23 January 2006 and is Chairman of the Audit and Risk Committee and a member of the Finance and Operations Committee and the Remuneration Committee of the Company. He holds a Bachelor of Commerce and a Master of Business Administration from the University of Melbourne. Peter is a fellow of CPA Australia and member of the Australian Institute of Company Directors.
He is currently a Director of Norfolk Group Limited, Western Australia Network Holdings Pty Ltd, United Energy Distribution Holdings Pty Ltd, Multinet Group Holdings Pty Ltd, Snowy Hydro Limited and Aurora Energy Pty Ltd.
Peter has had extensive experience at senior management level in all aspects of finance including Chief Financial Officer for both Australian and US public companies in the energy utility sector. He was also CEO for the Australasian operations of Aquila, formerly Utilicorp United Inc.
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Ms Janice van Reyk, Director.
Janice van Reyk was appointed to the Board of Citywide on 13 July 2010 and is a member of the Audit and Risk Management Committee and a member of the Strategy Committee. Her multi-disciplinary qualifications include a Master of Environment, Master of Commerce, Bachelor of Laws (Hons) and Bachelor of Arts. Janice is also a Non-Executive Director of Gippsland Water and the Chairman of its Safety Health and Environment. Committee, and a Non-Executive Director of the Port of Melbourne and a member of its Audit Committee. She is experienced in environmental and stakeholder issues on infrastructure projects and public policy in the water, energy, waste and transport sectors.
Previously she was a senior executive in industrial companies including BHP Billiton, CSR, Macquarie Bank, National Foods and Orica. She is a member of the Environment Institute of Australia and New Zealand and a Fellow of the Australian Institute of Company Directors.
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Ms Andrea Waters, Director.
Andrea is an experienced auditor, accountant and Non-Executive Director. She has over 28 years experience as an auditor with KPMG with 16 years as a partner. She specialised in Financial Services particularly managed investments and superannuation. She is a Fellow of the Institute of Chartered Accountants and a member of the Australian Institute of Company Directors. She is currently a Director of the Institute of Chartered Accountants in Australia and the Lord Mayors Charitable Foundation. She has previously been a Director of Cancer Council Victoria.
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Ms Prue Willsford, Director.
LLB, MAICD
Qualified in the law, Prue is General Manager, Corporate Operations at State Trustees. She has over 20 years’ experience in the financial services sector and has held leadership roles at Colonial Mutual and the National Australia Bank. Prue has a long history of community involvement and volunteering. Currently Prue is the Deputy Chancellor of Victoria University and Chairman of the Resources Committee.
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Mr Kerry Osborne, Managing Director.
Kerry Osborne joined Citywide as CEO on 1 January 2001 and was
appointed Managing Director on 20 December 2002. Kerry is Chairman of
the New Zealand Victoria Business Group (NZVBG) and is a Fellow of the
Australian Institute of Company Directors.
He is also a member of the
Planning and Development Committee for the Shrine of Remembrance in
Melbourne and a director of Wild at Heart Community Arts, which is a
program that creates opportunities for people with a disability and/or
mental illness to create music performances.
Kerry has held a number of senior positions in the construction and
maintenance industries in both Australia and New Zealand including Chief
Executive of Eastworks (a NZ based roading and municipal services
company), Australian General Manager for Manukau Works and Australian
General Manager of Excell Corporation.
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