Review of Commonwealth Government Business Enterprises ...

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
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