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3. Board Committees

To assist the Board in its performance of its responsibilities, the Board has established four Board Committees.

Each Committee is governed by its own Charter, detailing the Committee’s role and responsibilities, membership requirements and frequency of meetings. Each Charter is reviewed annually and revised as appropriate. Details of each Committee are outlined below:

Committee

Role and responsibilities

Membership requirements

Design and Construction Committee

The primary responsibility of the Committee is to oversee the core design, construction and delivery of projects associated with the development of Western Sydney International.

The Committee must comprise:

  • at least two members of the Board. In addition, the CEO will be invited to attend each Committee meeting; and
  • at least one member who has an understanding of construction and/or airport infrastructure so as to be able to assist the Committee to effectively discharge its duties

Audit and Risk Committee

The primary responsibility of the Committee is to assist the Board to discharge its responsibilities in respect of financial reporting, performance reporting, risk oversight and management, internal control and compliance with relevant laws and policies.

The Committee must comprise:

  • a majority of independent Non-executive Directors;
  • at least three members all of whom are financially literate;
  • at least one member who has accounting or related financial expertise; and
  • at least one member who has the necessary technical knowledge and understanding of the industry in which the Company operates.

People, Remuneration and Nomination Committee

The primary responsibility of the Committee is to assist the Board in fulfilling its responsibilities in respect of people management and remuneration policies, including nominations to the Board, the performance of Directors, overseeing the remuneration strategy and to make recommendations to the Board regarding remuneration of the CEO and Senior Executives.

The Committee must comprise:

  • a majority of independent Non-executive Directors; and
  • at least three members.

Safety, Health, Environment and Community Committee

The primary responsibility of the Committee is to assist the Board in its oversight of health, safety and environment matters arising out of the Company’s activities as they may affect employees, contractors and local communities.

The Committee must comprise:

  • A majority of independent Non-executive Directors; and
  • At least three members.

A copy of each Committee Charter is available on the Western Sydney Airport website at westernsydney.com.au.

3.1 Board committee membership (as at 30 August 2019)

Director

Design and Construction Committee

Audit and Risk Committee

People, Remuneration and Nomination Committee

Safety, Health, Environment and Community Committee

Paul O’Sullivan

Yes

Yes

Yes

Yes

Fiona Balfour

Yes

Yes

Yes (Chair)

Tim Eddy

Yes (Chair)

Yes

Vince Graham AM

Yes

Yes

Yes (Chair)

Anthea Hammon

Yes

Yes

Christine Spring

Yes (Chair)

John Weber

Yes

Yes

Yes

Further information on the number of times the Board and Board Committees met during the period, as well as the attendance at each meeting, is provided on page 27 Meetings of Directors.

Visit

https://www.transparency.gov.au/annual-reports/wsa-co-ltd/reporting-year/2018-2019-37