The following protocols and delegations have been designed to:

• Enable the Board to provide strategic guidance for Australian Wealth Management and effective oversight of management; and 
• Clarify the respective roles and responsibilities of directors and senior executives to facilitate Board and management accountability to both the company and its shareholders, and ensure a balance of authority so that no single individual has unfettered powers.

Chief Executive Officer delegations
A formal delegation of authority to the Chief Executive Officer has been established which sets out his specific authority to manage the day-to-day business of the company and the restrictions and reservations that apply, including limits on expenditure.