Novita Annual Report 2012 (Large file - PDF - 4Mb )

DirectorAttendance at the meetings held during the time the Director held office in the yearBoardFinance andAuditCommitteeGovernanceWorking PartyExecutiveRemunerationCommitteeBusinessDevelopmentWorking PartyProfessor A Downing 8 of 8 1 of 2 2 of 2 - 2 of 2Mr G de Cure 6 of 8 2 of 2 - - 2 of 2Mr D Earl 7 of 8 2 of 2 2 of 2 - 2 of 2Mr K Foggo 3 of 8 2 of 2 - - -Mrs J Hyde 5 of 8 2 of 2 - - -Dr D James 7 of 8 - 2 of 2 - -Mr G Rappensberg 7 of 8 2 of 2 2 of 2 - 2 of 2Dr S Robinson 4 of 8 - - - 1 of 2to Novita’s financial stability.Novita’s investment brokers areinvited to attend Committeemeetings, as required, to discussthe performance of Novita’sinvestment portfolio. The Chair ofthe Finance and Audit Committeemust be elected by the Board atits first meeting after the AnnualGeneral Meeting.The Executive RemunerationCommittee facilitates an annualreview of the remunerationpackage payable to nominatedmembers of executive staff thatrecognises and rewards theirperformance and service to theorganisation. The Chair of theExecutive RemunerationCommittee must also be the Chairof the Finance and Audit Committee.The Governance Working Partyhas responsibility for thegovernance framework for Novita,which includes development ofappropriate policies andprocedures. The GovernanceWorking Party reviews thecorporate governance frameworkto ensure continuous qualityimprovement through soundprocesses and systems, developsand reviews governance policiesand procedures and makesrecommendations to the Board forimprovement. Novita’s Presidentchairs the Governance Working Party.The Business DevelopmentWorking Party determines thescope of business and servicedevelopment within Novita. Itprovides advice to the Boardrelated to the risk and opportunityof specific business and servicedevelopment activities, and theresource needs to undertakebusiness and servicedevelopment. The President is theChair of the BusinessDevelopment Working Party.The number of Board meetings(including meetings of Committeesof the Board) and number ofmeetings attended by each ofthe Directors of Novita duringthe financial year are as per thetable above.Liability of membersNovita is a company limited byguarantee and the liability ofmembers is limited to $5 each.Lead auditor’s IndependenceDeclarationThe Lead Auditor’s IndependenceDeclaration is set out on page 42and forms part of the Directors’report for the year 1 July 2011 to30 June 2012.This report is made inaccordance with a resolution ofthe Directors of Novita Children’sServices on the 27th day ofSeptember 2012.Andrew DowningPresident and Director,Novita Children’s ServicesGlenn RappensbergChief Executive and Director,Novita Children’s Servicesnovita children’s serivces annual report 17