Review of Commonwealth Government Business Enterprises ...

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FIN_2011_0019 Exposure Draft
Contents Introduction 2 Part 1 – Overview 5 1.1 Mandate and Objectives 5 Part 2 – Board and Corporate Governance (previously Part 3) 6 2.1 Public Sector Accountability 6 2.2 Ethical Standards 7 2.3 Board Appointment and Performance 8 2.4 CEO Succession Planning 11 2.5 Board Tenure 12 2.6 Board Induction, Training and Performance Evaluation 14 Part 3 – Planning and Reporting (Previously Part 2, Reporting) 17 3.1 Requirements 17 3.2 Corporate Plans 20 3.3 Statement of Corporate Intent (SCI) 23 3.4 Progress Reports 24 3.5 Annual Reports 26 3.6 Keeping Shareholder Minister(s) Informed 27 3.7 Commercial Freedoms 29 3.8 Annual General Meetings 30 Part 4 – Financial Governance 31 4.1 Capital Structure and Dividend Policy 31 4.2 Financial Targets for GBEs 32 4.3 Managing Risks 35 Part 5 – Other Governance Matters 37 Appendix A: 39 Revised Commonwealth Government Business Enterprises Governance and Oversight Guidelines Exposure Draft Appendix B: 63 Commonwealth Government Business Enterprise Guidelines June 1997 1
Page 1: Australian Government Department of
Page 5 and 6: The key topics identifed for discus
Page 7 and 8: Part 1 - Overview 1.1 Mandate and O
Page 9 and 10: Proposed Change: (New) 3.3 2.3 a. A
Page 11 and 12: 2.3.4 These changes aim to make GBE
Page 13 and 14: . The Chair shall write to the Shar
Page 15 and 16: 2.5.4 A similar principle operates
Page 17 and 18: 2.6.4 These issues have also previo
Page 19 and 20: Part 3 - Planning and Reporting (Pr
Page 21 and 22: Table 2: Best Practice Timetable fo
Page 23 and 24: Proposed Change: (Replaces entire 2
Page 25 and 26: 3.3 Statement of Corporate Intent (
Page 27 and 28: 3.4.7 The focus on comparing budget
Page 29 and 30: 2.11b(i) 3.14 The current disclosur
Page 31 and 32: Proposed change: (New) 3.21 Proposa
Page 33 and 34: Part 4 - Financial Governance 4.1 C
Page 35 and 36: 4.2A Weighted Average Cost of Capit
Page 37 and 38: 4.3 Managing Risks 4.3.1 The govern
Page 39 and 40: Part 5 - Other Governance Matters 5
Page 41 and 42: Appendix A: Commonwealth Government
Page 43 and 44: Part 1 - Overview Defnition 1.1 A G
Page 45 and 46: 1.9 In addition to setting a princi
Page 47 and 48: 2.6 The code of conduct may cover t
Page 49 and 50: 2.17 On an annual basis the GBE boa
Page 51 and 52: Table 2: Best Practice Timetable fo
Page 53 and 54:
Measure Key Performance indicator F
Page 55 and 56:
d. commentary on any emerging issue
Page 57 and 58:
3.23 GBEs should allow a reasonable
Page 59 and 60:
Financial Targets for GBEs 4.7 All
Page 61 and 62:
Part 5 - Other Governance Matters W
Page 63:
5.10 The above requirements relatin
Page 66 and 67:
Governance Arrangements for Commonw
Page 68 and 69:
Principles Part 1 - Overview 1.1 Th
Page 70 and 71:
(c) earn at least a commercial rate
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(e) The plan also covers any other
Page 74 and 75:
Keeping Shareholder Ministers Infor
Page 76 and 77:
Part 4 - Financial Governance Capit
Page 78 and 79:
shareholder would expect the adopti
Page 80 and 81:
Partly Owned GBEs, Partly Owned Sub
Page 82 and 83:
Attachment A Matters for Inclusion
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