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RISK GOVERNANCE STRUCTURE

Audit, Compliance and Risk Management Committee
 Oversees and monitors the Group’s risk profile
 Establishes the internal audit program
 Establishes a sound risk management culture
 Reviews and challenges Group Risk Reporting from management
 Reports on risk to investors and other stakeholders
In relation to the above functions, the Committee has delegated authority to complete the detailed work and make recommendations to the Board.
However the Board retains the overall responsibility for these functions.

*Chair*
Ian Court FAICD

*Members*
John Skippen ACA
Erica Lane B App Sc, Grad Dip Comp, MBA (Melbourne), MBA (Chicago), MAICD
Rhonda O’Donnell M App Sc, MBA (Melbourne)


Head of Risk and Internal Audit
 The Head of Risk and Internal Audit is directly accountable to the Chair of the
Audit, Risk & Compliance Committee in relation to risk management and the
internal audit function at a Group level
 The Head of Risk and Internal Audit reports directly to the Chief Financial Officer
on the day to day operations of the Risk and Internal Audit function
 Maintains the Group risk management and internal audit functions
 Provides Group Risk Reporting to the Group Executive, Audit, Risk & Compliance
Committee and the Board
 Supports Divisional management on risk management

The risk reporting and internal audit program provide the basis for the Group Managing Director and CFO giving the assurance to the Board in the form required under s295A of the Corporations Act and as recommended under the ASX Corporate Governance Principles (3rd Edition), that the financial statements for all financial periods are based on a sound system of financial risk management and internal control which is operating effectively.