The Qantas Board of Directors is responsible for ensuring that Qantas has an appropriate corporate governance framework to ensure the creation, protection and enhancement of shareholder value.
The Board endorses each of the Australian Securities Exchange (ASX) Corporate Governance Council's Corporate Governance Principles and Recommendations, 3rd Edition (ASX Principles). In accordance with the ASX Principles, Qantas discloses the below primary corporate governance documents and information which demonstrate Qantas' commitment to corporate governance:
The Qantas Constitution is Qantas' key governance document. The Board must ensure that it and Qantas complies at all times with the provisions of the Constitution.
The Qantas Sale Act requires the Constitution to contain specific provisions designed to protect Qantas' position as an Australian designated airline.
The Qantas Board
The Board comprises a majority of independent Non-Executive Directors who, together with the Executive Director, have extensive commercial experience and bring independence, accountability and judgement to the Board's deliberations to ensure maximum benefit to stakeholders including shareholders, customers, suppliers, employees, government regulators and members of the community where Qantas operates.
Board Committee Members
- Audit Committee: Barbara Ward (Chair), Maxine Brenner and Jacqueline Hey
- Nominations Committee: Leigh Clifford (Chair), Richard Goodmanson, Paul Rayner and Barbara Ward
- Remuneration Committee: Paul Rayner (Chair), Maxine Brenner, William Meaney and Todd Sampson
- Safety, Health, Environment and Security Committee: Richard Goodmanson (Chair), Alan Joyce, William Meaney and Barbara Ward
Board Committee Charters
The Board adopted its Board Charter on 1 September 2003 and it was last revised on 27 August 2014.
Committees are responsible for considering detailed issues and making recommendations to the Board. The Board has approved charters for each Committee:
- Audit Committee Charter
- Nominations Committee Charter
- Remuneration Committee Charter
- Safety, Health, Environment and Security Committee Charter
Corporate Governance Statement
The Board adopts a Corporate Governance Statement annually.
Qantas Group Business Practices Document
The Qantas Group is committed to complying with all applicable laws and regulations, and to conducting business with the highest levels of ethics and integrity. The Qantas Group Business Practices Document provides an overview of Qantas' values and business practices and highlights the standards to be upheld by all employees, including in relation to Continuous Disclosure, Employee Share Trading, Risk Management, Safety, Whistleblower Protection and Stakeholder Communications (including Shareholder Communications).
Other Corporate Disclosures
The Qantas Group is committed to meeting all of its disclosure responsibilities. As such, below is a list of other corporate disclosures as they relate to Qantas:
- Appendix 4G - Key to Disclosures
- Qantas Executive Remuneration Philosophy
- Qantas Diversity Statement
- Annual Review
- Data book
- Workplace Gender Equality Report
The following Corporate Governance related material is also available through the Investors section:
- Announcements made to the Australian Securities Exchange by Qantas
- Shareholder Information
- Annual Reports
- Annual General Meeting