The Alumina Limited Board is the organisation’s highest governing body. In 2010 it comprised one executive and four independent directors who meet regularly throughout the year. Alumina Limited’s executive team, headed by the Chief Executive Officer, John Bevan, reports directly to the board.
Governance policies and practices ensure that all regulatory requirements are met and ethical standards maintained.
More information, including details about Alumina Limited’s three board committees, policies, director independence and remunerations is available in the governance section on our website.
In terms of sustainability governance for AWAC, Alumina Limited’s principal interest is the integration of sound environmental, social and governance practices alongside sustainable financial performance.
We do this through:
Alumina Limited’s Board uses this knowledge to assess potential risks and opportunities for shareholders. We do this through our Risk Management Framework’s processes that are reviewed and updated through the Audit Committee.
Central to the board’s role is risk management and mitigation. Alumina Limited’s Risk Management Framework assesses risk levels and identifies strategies to minimise impact and maximise opportunity. Our role on AWAC’s Strategic Council and other relevant boards enables ongoing review of the risks specific to joint venture.
Ultimately, Alumina Limited’s directors oversee risk identification and management through the audit committee. It is also the direct responsibility of the Audit Committee to review business risk assessments to ensure appropriate coverage in the internal audit plans.