Good corporate governance is central to the Woolworths Group's approach to enhance long-term shareholder value. The Woolworths Group Board and management are committed to policies and practices that meet high levels of disclosure and compliance.
The Woolworths Group has followed each of the recommendations of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations throughout the reporting period. Further details are set out in the Corporate Governance Statement, which is available on the Woolworths Group website: www.woolworthsgroup.com.au
Left to right: Holly Kramer, Kathee Tesija, Richard Dammery (Chief Legal Officer and Company Secretary), Gordon Cairns (Chairman), Jillian Broadbent, Michael Ullmer, Brad Banducci (CEO), Siobhan McKenna and Scott Perkins.
|DIRECTOR||BOARD||AUDIT, RISK, MANAGEMENT & COMPLIANCE COMMITTEE||PEOPLE PERFORMANCE COMMITTEE||SUSTAINABILITY COMMITTEE||NOMINATION COMMITTEE|
Chairman of board/committee.
Member of board/committee.
Board Skills and Experience
The board's diverse range of skills, experience and backgrounds supports the effective governance and robust decision-making of the Group. The board has determined that collectively its directors have extensive experience across the key desired areas listed below.
An assessment of the optimum mix of these skills and experience takes place regularly, taking into account the strategic positioning of the Group. Following its most recent review, the board identified that access to greater specialist operating experience in digital, data and technology, and regulatory and public policy would complement the functioning of the board and the Group's strategic focus in those areas.
|Retail Markets||Retail knowledge and experience of customer‑led transformation in the food, drinks or general merchandise sectors.|
|Governance||Experience and a commitment to exceptional corporate governance standards.|
|Strategy||Experience defining strategic objectives, assessing business plans and driving execution in large, complex organisations.|
|Corporate Responsibility, Health & Safety||Commitment to social responsibility and sustainability initiatives and experience monitoring programs for proactive management of workplace safety, mental health and physical wellbeing.|
|Digital, Data and Technology||Expertise and experience in adopting new technologies or implementing technology projects, digital disruption, leveraging digital technologies or understanding the use of data and data analytics.|
|Financial Acumen||Understand financial drivers of the business, and experience implementing or overseeing financial accounting, reporting and internal controls.|
|People and Culture||Experience monitoring a company’s culture, overseeing people management and succession planning, and setting remuneration frameworks.|
|Regulatory and Public Policy||Expertise indentifying and managing legal, regulatory, public policy and corporate affairs issues.|
|Risk Management||Experience anticipating and identifying key risks to the organisation and monitoring the effectiveness of risk management frameworks and controls.|
Board Global Experience
International business experience and exposure to different political, cultural, regulatory and business environments