Roles and Responsibilities
The primary role of the Australian Wealth Management Board is to represent and promote the interests of shareholders effectively, with a view to enhancing the company’s growth and returns and adding long-term value to the company's shares.

The Board has ultimate responsibility for all decision-making within the Australian Wealth Management Group.

The Board Charter
The Board Charter sets out the principles for the operation of the Board and describes the functions of the Board, which include:

• Determining the AWM Group’s strategic objectives, and approving the annual operating plans and financial targets, capital expenditure plans.
• Assessing and monitoring performance, including management’s performance, against the strategic objectives, operating plans and financial targets.
• Determining AWM Group strategies and policies, and dividend, distribution, lending and borrowing, tax and investment and foreign exchange policies.
• Approving capital expenditure, operating expenditure, asset acquisitions and divestments, and settlement of legal proceedings, in all cases where they are outside the normal course of business and above delegated limits.
• Approving all transactions relating to major business and company acquisitions, mergers and divestments.

To enhance the efficiency of the Board and the governance of Australian Wealth Management, the Board has delegated certain roles and functions to two Board standing committees (Group Audit and Risk Management and Group Remuneration and Appointments), and delegated to the Chief Executive Officer the day-to-day leadership and management of the company.

Click here to view the Board Charter.