2003 - 04 Annual Report - Sbs

54Risk Management PlanThe Risk Management Plan was updated during the yearand identifies and addresses the management of themajor risks and opportunities facing the Corporation. Thegoals behind Risk Management in SBS are:• To provide an assurance that the organisation hasidentified its highest risk exposures and has takensteps to properly manage these.• To ensure that SBS’s business planning processesinclude a focus on areas where risk management isneeded.• To ensure the integration of the various and many riskcontrol measures that SBS already has in place.• To be comprehensive and effective. The identificationof risks will allow for the redirection/focus of resourceson high risks.Statement on governanceElements of good corporate governance that are in placeat SBS include: corporate planning; business planning;an audit and finance committee; clear delegations ofauthority; project (program) management; policies forstatutory compliance; codes of conduct and ethics;review processes; budget information linked to allplanning processes; and regular monitoring and reportingto the SBS Board.THE CORPORATIONTHE SBS WORKPLACEThe SBS Diversity Program encourages workplacediversity within the framework of merit selection.Employees are encouraged to report diversity statisticalinformation. Data for employees at 30 June 2004 are asfollows.SexFemale 422Male 453Total 875Place of BirthOverseas 415Australia 418Not stated 42Total 875Aboriginal or Torres Strait Islander 11Language Spoken at HomeEnglish 343Non-English 244Not stated 288Total 875Good corporate governance at SBS is also based onan acceptance by all staff that the highest standards ofintegrity and ethical behaviour are expected of them, aswell as transparency and consistency in all their actions.Indemnities and Insurance Premiumsfor OfficersAs part of its general insurance protection, SBS has aDirectors and Officers Liability Insurance Policy in place.The cost of this policy for 2003-04 was $6,231 (GSTexcluded).Ministerial DirectionsSBS has been notified that the following generalpolicies of the Government apply to SBS: CompetitiveNeutrality Arrangements; Cost recovery by governmentagencies; and Guidelines for the Management of ForeignExchange Risk.Permanent Disability 20Occupational Health and SafetyThe Occupational Health and Safety (OH&S) Committeereviewed a range of health and safety issues. Itreviewed all reported accidents and incidents. Therewas no occurrence that required the giving of noticeunder section 68 of the Occupational Health and Safety(Commonwealth Employment) Act 1991.TrainingGeneralSBS Human Resources provided training to SBSmanagers and supervisors in HR Policies and Proceduresand Giving Feedback. New employees attendedinduction programs. Training was provided in Privacy Actobligations, OH&S and the Performance Management