Westpac is committed to the highest standards of governance, based on embedding the values and behaviours required to ensure transparency, fair dealing and to protect stakeholder interests. Summarised below are key elements of Westpac’s corporate governance policies and framework, which complies with all the revised ASX Limited’s Corporate Governance Council (ASXCGC) Principles and Recommendations, published in August 2007.
Westpac’s full corporate governance statement is set out in the 2007 Annual Report. The statement can also be accessed, together with all documents referenced (unless otherwise stated), at www.westpac.com.au/corporateresponsibility
- Successful transition of the Chairmanship and appointment of Elizabeth Bryan to the Board.
- Comprehensive CEO search and selection process resulted in appointment of Gail Kelly.
- Approved the Corporate Responsibility and Sustainability Strategic Framework, revised
Committee operating model and Committee Charter. - Directors’ workshops held on organisational strategy, succession planning and financial results.
- Global recognition of leadership in governance and sustainability practices.