| The Group's Corporate Governance structures were given a five-star rating. Only nine of Australia's top 250 listed businesses received this rating. (Source: Horwarth Corporate Governance Report 2002)
 | Mr Charles Allen
Appointed Chairman in 2001, Mr Allen has been a Director since 1992. He was Managing Director of Woodside Petroleum for 14 years and Chairman of the North West Shelf Gas Project Committee during Project establishment. "The Group is an international financial services provider and needs to be sympathetic to different cultures without compromising its standards and performance. The Board, with its breadth of knowledge and experience, is well able to assist management in the implementation of these strategies, which will be crucial to the ongoing success of the business." |
Mr Frank Cicutto
Mr Cicutto was appointed Managing Director and Chief Executive Officer in 1999 and has been an Executive Director since 1998. His 34-year career in banking and finance has included experience managing our international operations in Great Britain and the United States. "The Board must balance its responsibilities for governance, ensuring that the disciplines of good banking are maintained, and that the Group is structured for growth. Our success will depend more and more on building a trusted, 'win win' relationship with all of our stakeholders - customers, employees, shareholders, suppliers and the community." |  |
Dr Brian Clark
Dr Clark was appointed a Director in 2001. He is also Chief Executive of Vodafone Pacific and a member of Vodafone Group Executive Committee. Dr Clark brings invaluable global experience, especially in consumer service organisations. "I am encouraged by the progress made in transforming the Group into an organisation where talented employees are being empowered by new systems, processes and organisational culture to better serve our customers." |  |
 | Mr Peter Duncan
Mr Duncan was appointed a Director in 2001 following an international career with the Royal Dutch/Shell Group of companies in senior finance, marketing and general management positions, finally as Chairman of the Shell companies in Australia and New Zealand. "The commitment of the Group to sound governance, cultural change, technological excellence and financial success is deeply grounded in the organisation. We are listening to our employees, customers and other stakeholders." |
Mr Graham Kraehe
Mr Kraehe has been a Director since 1997 and brings 38 years' international experience in a range of industries. He was Managing Director of Pacifica Limited from 1985 to 1994, and Managing Director and CEO of Southcorp Limited from 1994 until early 2001. More recently, he has become a non-executive Director of Brambles, Newscorp and BHP Steel. "The Group must maintain its strong focus on risk management, financial performance and sound governance while enhancing our engagement with customers, employees and communities." |  |
 | Dr Kenneth Moss
Dr Moss has been a Director since 2000. Both through his experience as Managing Director of Howard Smith and through his Directorship of companies, he brings to the Board a broad industry knowledge. "I find that broad experience gained from a wide range of Boards assists in making a contribution to the work of the Group's Board. The diversity in the background of the Directors means that the decisions we make benefit greatly from the sum total of that experience." |
Mr Geoff Tomlinson
Mr Tomlinson has been a Director since 2000 and is Chairman of MLC. He is the former leader of National Mutual Holdings (now AXA Asia Pacific) and sat on AXA's global strategy committee. He was heavily involved in National Mutual's Asian development in the 1990s. "The global financial services industry has experienced a difficult year due to the uncertain economic environment and volatile equity markets. The Group has weathered the year well with the operational performance of the core banking businesses reporting strong growth." |  |
 | Dr Edward Tweddell
Dr Tweddell was appointed Director in 1998. He was Chief Executive of the pharmaceutical company Faulding from 1993 until October 2001, and has worked in the international pharmaceutical industry in North America, Africa, the Middle East and Asia. "The challenging international environment puts additional pressures on the Group's growth commitment. This commitment also covers a dedication to the highest standards of governance and a determination to deliver on our social responsibilities." |
 | Mrs Catherine Walter
Mrs Walter has been a Director since 1995. Formerly a senior banking lawyer and Commissioner of the City of Melbourne, she is now chairing the Business Regulation Advisory Group on Corporate Disclosure and is a Director of ASX and Orica. "Corporate Australia faces the challenge of retaining and building public confidence in its financial performance, governance integrity and community responsibility - the Group understands this challenge." |
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