BHP Billiton, Glen Eira City Council take out top governance awards
BHP Billiton and Glen Eira City Council have taken out top honours for the Governance Reporting Award at the 2015 Australasian Reporting Awards with both organisations demonstrating good governance cultures and a strong commitment to open reporting.
According to Governance Institute President Trisha Mok, “Private sector winner, BHP Billiton Limited, delivered a comprehensive annual report that exceeded the guidelines for the award and provided outstanding explanations of how it achieves compliance and why it carries out specific activities.
“Equally, the Glen Eira City Council annual report took out the public sector award, with a detailed overview of its performance and of its excellent approach to stakeholder management. The Council showed that it is willing to discuss setbacks in order to improve overall performance.
“Efforts to improve reporting by organisations such as these show a strong commitment to good governance and increased transparency, allowing the market and the community to evaluate their performance and invest with confidence,” Ms Mok said.
Ben Mansfield, annual reporting project manager, accepted the award for BHP Billiton. It was clear that the company prided itself on its reporting practices and recognised the importance of clearly stating the opportunities and setbacks it faced in its operations.
Glen Eira City Council chief executive Andrew Newton made the point that the Council was committed to explaining its performance clearly so that all members of the community could be confident that their interests were being advanced and their rates were achieving value for money.
Governance Institute of Australia continues its support of the Australasian Reporting Awards — now in their 65th year — with the Governance Reporting Award, established in 1998 to give formal recognition to the importance of reporting on an organisation's governance frameworks, processes, and policies.
Since then the award has grown to showcase the best in governance reporting and to encourage organisations to be open about their performance.
Note to editors
The reports entered for this Award were reviewed by a judging panel made up of Governance Institute of Australia members who are experienced governance professionals in the private and public sectors, many of whom also adjudicated on the 2014 Awards.
Adjudicators considered how well entrants reported on their corporate governance against a variety of factors, including: how roles and responsibilities were established, how the board discharged its duties, what practices were in place to maintain and safeguard integrity in financial reporting, and how organisations managed issues such as risk and remuneration.
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About Governance Institute of Australia
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