A robust corporate governance framework is essential to our success. It ensures accountability and good management, whilst promoting transparency and ethical decision-making. It also provides confidence to our Minister, State Government, our customers and other stakeholders in respect of our capability to effectively manage our resources and infrastructure.
The Board has approved the following policies which form part of GAWB’s Governance Framework:
GAWB is responsible to Mr Glenn Butcher MP, Minister for Regional Development and Manufacturing and Minister for Water. Information on GAWB and its performance is communicated to the responsible Minister through five yearly and annual plans and quarterly and annual reports. The Chairperson liaises with the responsible Minister and provides ad hoc briefings as required.
GAWB’s system of internal controls consists of organisational structures, plans, policies, procedures, processes, tasks and other factors designed to respond to operational, financial, compliance and any other risks.
The system is designed to meet the requirements of the Financial Accountability Act 2009 and the Financial and Performance Management Standard 2009.
The Audit and Risk Committee assists the Board to assess, oversee and enhance GAWB’s corporate governance, including its system of internal controls.
GAWB’s internal audit function regularly reviews and tests the effectiveness of the system and reports to the Audit and Risk Committee. An Internal Audit Plan is developed annually. The implementation and status of audit recommendations is reviewed at each meeting.
GAWB is committed to managing all risks at strategic and operational levels through the identification, assessment, treatment, monitoring and review of risks. GAWB has implemented a risk management system based on AS/NZS ISO 31000: Risk Management Principles and Guidelines.
The Board and the Management team are committed to high standards of integrity, professionalism and accountability.
GAWB has developed a Code of Ethics and Conduct that outlines how we work; our expectations and the standard of behaviour expected of employees. Together with our values, the Code helps us to understand our personal responsibilities and obligations and guides us if we face an ethical dilemma or conflict of interest in our work.
GAWB is committed to ensuring that any employee who makes a public interest disclosure can seek protection under the Public Interest Disclosure Act 2011.