BOARD OF DIRECTORS
The composition, structure and conduct of IAG’s Board are governed by IAG’s Constitution, the Corporations Act, Prudential Standards made under the Insurance Act, the Australian Securities Exchange’s Listing Rules and general law.
The Board also oversees our compliance with the Australian Securities Exchange Corporate Governance Council Principles and Recommendations (3rd edition). Details of our compliance with the individual principles are set out in our 2017 Corporate Governance Statement, which is available online in the About Us area of our website (www.iag.com.au).
To assist it in fulfilling its responsibilities, the Board has four standing committees:
- the Audit Committee helps the Board fulfil its statutory and fiduciary responsibilities by monitoring the integrity of external and internal financial reporting, including compliance with applicable laws and regulations. This committee ensures that directors and management are provided with high quality financial and non-financial information, and is responsible for monitoring the independence of the auditor;
- the Nomination Committee employs appropriate processes to address Board succession issues, and appoints directors who allow the Board to have the appropriate balance of skills, knowledge, experience, independence and diversity to enable it to discharge its duties and responsibilities effectively;
- the People and Remuneration Committee provides assurance to the Board on the effectiveness and integrity of, and compliance with, IAG’s remuneration policies and practices, and monitors the development, implementation and reporting of IAG’s business sustainability strategy; and
- the Risk Committee helps the Board exercise due care, skill and diligence regarding effective oversight of material risks to which IAG is exposed by providing oversight of IAG’s risk management and governance frameworks.
ELIZABETH BRYAN AM
- BA (Econ), MA (Econ)
- Chairman and Independent Non-Executive director
- Appointed December 2014
- Appointed Chairman, March 2016
- Chairman Nomination Committee
- Chairman Insurance Manufacturers of Australia Pty Limited
- Age 70
PETER HARMER
- Managing Director and Chief Executive Officer
- Executive Director
- Appointed Managing Director and Chief Executive Officer Appointed November 2015
- Member Nomination Committee
- Age 56
DUNCAN BOYLE
- BA (Hons), FCII, FAICD
- Independent Non-Executive Director
- Appointed December 2016
- Member Audit Committee, Risk Committee and Nomination Committee.
- Age 65
ALISON DEANS
- BA, MBA, GAICD
- Independent Non-Executive Director
- Appointed February 2013
- Member Audit Committee, People and Remuneration Committee and Nomination Committee
- Age 49
HUGH FLETCHER
- BSc/BCom, MCom (Hons), MBA
- Independent Non-Executive Director
- Appointed September 2007
- Member Risk Committee, People and Remuneration Committee and Nomination Committee
- Age 69
JONATHAN (JON) NICHOLSON
- BA
- Independent Non-Executive Director
- Appointed September 2015
- Member Risk Committee, People and Remuneration Committee and Nomination Committee
- Age 61
DR HELEN NUGENT AO
- BA (Hons), PhD, MBA, HonDBus
- Independent Non-Executive Director
- Appointed December 2016
- Chairman People and Remuneration Committee
- Member Audit Committee and Nomination Committee
- Age 68
TOM POCKETT
- CA, BCom
- Independent Non-Executive Director
- Appointed January 2015
- Chairman Audit Committee
- Member Risk Committee and Nomination Committee
- Age 59
PHILIP TWYMAN
- BSc, MBA, FAICD
- Independent Non-Executive Director
- Appointed July 2008
- Chairman, Risk Committee
- Member Audit Committee and Nomination Committee
- Age 73
Detailed information about our Directors, our Board and our Board Committees is available in the About Us area of our website (www.iag.com.au).