Board Committees

The Board may, from time to time, establish appropriate committees to assist in the discharge of its responsibilities. The Board has established the Audit, Risk and Compliance Committee and the Nomination and Remuneration Committee. Other committees may be established by the Board as and when required.

Audit, Risk and Compliance Committee

The Audit, Risk and Compliance Committee’s role is to assist the Board in carrying out its accounting, auditing and financial reporting responsibilities, including:

  • overseeing sgfleet’s relationship with the external auditor and the external audit function generally;
  • overseeing sgfleet’s relationship with the internal auditor and the internal audit function generally;
  • overseeing the preparation of the financial statements and reports;
  • overseeing sgfleet’s financial controls and systems; and
  • managing the process of identification and management of business and financial risk.

The Audit, Risk and Compliance Committee comprises Graham Maloney (Chairman), Cheryl Bart AO, Peter Mountford, and Edwin Jankelowitz.

Nomination and Remuneration Committee

The Nomination and Remuneration Committee’s role is to:

  • review and recommend to the Board the size and composition of the Board, including review of Board succession plans and the succession of the Chairman and CEO, having regard to the objective that the Board comprise directors with a broad range of skills, expertise and experience from a broad range of backgrounds, including gender ;
  • review and recommend to the Board the criteria for Board membership, including: the necessary and desirable competencies of Board members, and the time expected to be devoted by non-executive Directors in relation to sgfleet’s affairs;
  • review and recommend to the Board membership of the Board, including: making recommendations for the re-election of Directors, subject to the principle that a Committee member must not be involved in making recommendations to the Board in respect of themselves, and assisting the Board as required to identify individuals who are qualified to become Board members (including in respect of Executive Directors), in accordance with the policy outlined in section 4 of the Charter;
  • assist the Board as required in relation to the performance evaluation of the Board, its committees and individual Directors, and in developing and implementing plans for identifying, assessing and enhancing Director competencies;
  • ensure that an effective induction process is in place and regularly review its effectiveness;
  • on an annual basis, review the effectiveness of sgfleet’s Diversity Policy by assessing sgfleet’s progress towards the achievement of the measurable objectives and any strategies aimed at achieving the objectives, and reporting to the Board recommending any changes to the measurable objectives, strategies or the way in which they are implemented; and
  • in accordance with sgfleet’s Diversity Policy, on an annual basis, review the relative proportion of women and men in the workforce at all levels of sgfleet, and submit a report to the Board, which outlines the Committee’s findings

The Nomination and Remuneration Committee comprises Andrew Reitzer (Chairman), Cheryl Bart AO , and Peter Mountford .