AnnuAl REPORT 2011-2012 - Sbs

oRGaNISaTIoN
Indemnities and insurance premiums
for officers
As part of its general insurance protection, SbS has a
Directors and Officers Liability insurance Policy in place. the
cost of this policy for 2011–12 was $28,438 (GSt excluded).
Ministerial directions/notifications
SbS has been notified that the following general policies
of the Australian Government apply to SbS: competitive
Neutrality Arrangements; cost Recovery by Government
Agencies; Guidelines for the Management of Foreign
exchange Risk; and commonwealth Fraud control
Guidelines. these are all notifications continuing from
previous financial years. Also in 2006 –07, the Finance
Minister issued a Ministerial Direction under section
16(1) (c) of the commonwealth Authorities and companies
Act requiring SbS (and all other authorities in the general
government sector) to provide a compliance report on
legislative compliance and financial sustainability.
No ministerial directions were issued under the SbS Act
amendments to the SBS act
the SbS Act was amendment by the National
broadcasting Legislation Amendment Act 2012, which
received Royal Assent on 24 july 2012. the changes will
come into effect on a date to be fixed by Proclamation
(or otherwise at the end of six months from Royal Assent).
the main changes made by the Act are: establishing in
law a merit-based process for the appointment of SbS
non-executive Directors; and specifying the office of the
chairperson in the constitution of the SbS board..
SBS Board Sub-committees
Audit and Risk Sub-committee (previously Audit
and Finance Sub-committee)
the SbS Audit and Risk Sub-committee met five times
during the year and considered audits by the both
the ANAO and the internal auditors, Deloitte touche
tohmatsu and ernst & Young.
in addition to reviewing the findings and
recommendations of the audits conducted, the Audit
and Risk Sub-committee considered and gave direction
on a wide range of issues during the year including the
approval of the annual internal audit program, investment
and financing activities, risk management and strategy for
the financial statements audit.
58 SBS
the following is a list of Audit and Risk Sub-committee
attendees and the number of meetings they attended:
MEMBER POSITION
MEETINGS
ATTENDED
Patricia Azarias chair 5
jacqueline Hey* Director 4
christopher Pearson1 Director 1
Codes Review Sub-committee
the codes Review Sub-committee considers proposed
amendments and other issues relating to the SbS codes
of Practice and SbS’s internal editorial Guidelines. During
the year the Sub-committee considered the interim codes
of practice for Nitv to apply during the period 1 july
to end 2012 when Nitv will operate as an SbS digital
satellite service.
MEMBER POSITION
MEETINGS
ATTENDED
bob cronin2 Director 0
Daryl Karp Director 1
christopher Pearson1 Director 0
Michael ebeid Managing Director 1
Community Engagement Sub-committee
the community engagement Sub-committee reviews the
operation of the SbS community Advisory committee,
including recruitment processes. two meetings were held
during the year.
MEMBER POSITION
MEETINGS
ATTENDED
bulent Hass Dellal chair 3
Patricia Azarias Director 3
elleni bereded-Samuel Director 3
bob cronin Director 3
Remuneration Sub-committee
the primary objective of the Remuneration Subcommittee
is to decide the SbS policies for remuneration
of the Managing Director and the Division Directors. the
Sub-committee met once during the year.
* Ms Hey was appointed to the Sub-commitee after its
August 2012 meeting and attended all following meetings.
1 Mr Pearson’s term finished on 21 October 2011.
2 Mr cronin’s term finished on 13 june 2012.