Our board, board of directors 2006

The Board is responsible to shareholders for the governance of ANZ, and oversees its operations and financial performance. It sets the strategic direction and financial objectives, determines the appropriate risk appetite for the organisation, and monitors operational performance. It also monitors compliance in terms of ethical standards and regulatory requirements. The Board appoints the Chief Executive Officer and regularly reviews his performance.

The Board strives to achieve a balance of skills, knowledge, experience and perspective among its directors. This is particularly important for the banking sector, as banks have deep relationships with customers across every sector of the economy, and need to understand what is happening across the broader economy. Banking can also be cyclical, so it is important that in achieving a balance of experience, the Board includes a number of longer serving directors.

Directors’ Meetings

The number of Board meetings and meetings of Committees during the year the Director was eligible to attend, and the number of meetings attended by each Director were:


  Board Risk Audit Committee People Committee Governance Committee Technology Committee Executive Committee Shares Committee Committee of the Board
  A B A B A B A B A B A B A B A B A B
Dr G J Clark 9 9 - - - - - - 4 4 2 2 1 1 - - - -
Dr R S Deane* 6 6 - - - - 2 2 - - 1 1 - - - - - -
Mr J K Ellis 9 9 6 6 8 8 - - - - - - 1 1 - - 2 2
Mr D M Gonski 9 8 6 6 - - - - 4 4 - - 1 1 - - 1 1
Mr C B Goode 9 9 6 6 8 8 5 5 4 4 2 2 2 2 3 3 4 4
Ms M A Jackson 9 8 - - 8 7 5 5 - - - - 3 3 3 3 1 1
Mr J McFarlane 9 9 - - - - - - - - - - 3 3 3 3 4 4
Mr D E Meiklejohn 9 9 5 5 8 8 - - 4 4 - - 1 1 3 3 4 4
Mr J P Morschel 9 9 6 6 - - 5 5 - - - - 1 1 3 3 - -

Column A - Indicates the number of meetings the Director was eligible to attend.
Column B - Indicates the number of meetings attended. The Chairman is an ex-offi cio member of the Risk, Audit, People, Governance and Technology Committees.
* Retired during the year. Dr R S Deane - 30 June 2006.