Mr Finch holds a Bachelor of Commerce, Bachelor of Laws from UNSW, a Master of Laws with First Class Honours from the University of Sydney, and a Master of Business Administration (Exec) from the AGSM. Prior to that, Vanessa was Senior Vice President for Qantas across the Americas and New Zealand; Executive Manager of Commercial Planning, where she was accountable for network planning and revenue management; and Executive Manager for Product and Service where she oversaw transformation in catering, airports and network aimed at driving better commercial and customer outcomes. Under the Qantas Group COVID-19 Vaccination Policyall Australia-based new employees of a Qantas Group entity must be fully vaccinated with an Approved COVID-19 Vaccine and provide Evidence. xkS;3[f! Additionally, the attempts to lay off or retrench some workers may result into litigations that will cost the company heavily. Remuneration Committee: Jacqueline Hey (Chair), Maxine Brenner, Michael L'Estrange and Todd Sampson. Before Qantas, Andrew was Senior Vice President Public, International, Industry, Environment Affairs at Emirates, based in Dubai. The system is recognised globally by the industry as an example of best practice and forms the foundation of our risk management approach. and Audit Committee, review Qantas Management's establishment and operation (within the risk appetite set by the Board) of an enterprise-wide operational risk management system which is designed to identify, assess, monitor and manage operational risk throughout the Qantas Group in relation to safety, health, environment, security and A key test is whether participating in these external initiatives complements and extends our own reporting in a meaningful way. Audience This policy applies to all entities within the Sandvik Group *Please note, applicants must have unrestricted working rights to live and work in the USA. To find out more about our safety strategy and performance, see page 16 of the Yet its own employees, and not just union officials, raised these concerns with Four Corners. As part of our wide-ranging contract with the Australian Government, the Group maintains an open dialogue on a number of issues that directly impact our business, including in relation to human rights. An important element of this is to ensure we continue to refine the findings of our climate scenario analysis and incorporate them into strategy and planning decisions. Risk management is based on the best available information. In that time, weve seen massive economic and technological advances and responded by transforming and adapting our business, setting milestones for the aviation industry along the way. Oversight is maintained through the assurance activity of Qantas Group Audit & Risk, and ultimately the Audit Committee. Qantas takes the challenge of human-induced climate change very seriously, as recognised in the release of our GroupClimate Action Plan (PDF)in 2022. Group CFO 4. Tip Sheets give additional guidance on specific topics: Policy and Procedure . We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Immediately prior to her appointment as Chief Customer Officer, Vanessa was the Executive Manager of Sales and Distribution with responsibility for the airlines revenue through all sales channels including key corporate and agency accounts. Mr Finch has more than 25 years legal experience in Australia and overseas, joining the Qantas Group from the leading Australian practice of Allens, where he . endobj Our anti-bribery and corruption risk assessment program is being progressively launched across our business. We set mandatory requirements to manage and protect the health and wellbeing of our employees and contractors governed by the Our Requirements for Health standard and our mandatory minimum performance requirements for risk management, as well as local regulatory requirements, standards and procedures. During FY22 this included: The Business Integrity & Compliance team support the business on meeting the requirements of human rights related legislation, practices and standards, including through assessment of suppliers in our supply chain assurance program. It's a theory of accident causation based on thismetaphor, because all human-designed systems are fallible:They have holes in them, like a slice of Swiss cheese. Our Group Financial Framework - introduced in 2015 - aligns our strategy and key performance metrics with long-term shareholder goals, enabling consistent, year-on-year comparisons. It does not dispute union estimates that numbers are down by up to 35 per cent on the levels it had before the onset of COVID-19. Qantas makes no apologies. The Annual Report contains key financial information about Qantas, as well as important operating and corporate information. Andrew is a board member of the peak advocacy group for airlines in the region - Airlines for Australia New Zealand (A4ANZ) and is also a member of the IATA Industry Affairs Committee and an Advisory Board Member of the Tourism & Transport Forum. ESG Risk Management We're always working to improve the way we deal with environmental, social and governance risk. Commenced work to review our external grievance mechanisms against the UNGPs criteria for effective non-judicial grievance mechanisms and took action to encourage employees, suppliers and workers in our supply chain to speak up, without fear of retribution, about any concerns they may have. The risk management system is based on a structured and systemic process which takes into Lesley has extensive senior executive experience in the airline industry in customer, brand, marketing, operations, digital and new ventures. Involuntary Deportees include persons who overstay working visas, are denied entry for visa irregularities, and criminal extraditions. The Qantas Group adopts a proactive approach to enable identification, evaluation and effective management of the risks and opportunities that arise. So when we think about sustainability today, we define it in simple terms. Scope This policy sets the minimum requirements related to risk management for the Sandvik Group. Opens in new window Our people are back at work, millions of customers are safely flying across Australia and around the world, and weve made significant progress on our three-year recovery program. We aim to build a diverse, inclusive and resilient culture to maximise engagement and performance, and remain an employer of choice in Australia. "We're working longer hours. Reconciliation Action Plan (RAP) During the pandemic we made tough but necessary decisions to ensure that we survived and could recover quickly. We hold ourselves to high standards in everything we do and give others the information to evaluate our performance. The Qantas Group is committed to implementing policies and procedures that meet our moral and ethical obligation to end Modern Slavery. The Qantas RAP has been accredited to Elevate status, meaning we are a leader in corporate Australia. 4 0 obj Io&Z $a S,:xM Our diversity strategy, meanwhile, is focused on mitigating unconscious bias, improving access to flexibility, recruitment and talent programs and dedicated leadership development. 4.36 QFF follows the Qantas Group risk management practices, policies and procedures. "This investment can't be made at any cost and the flight crew cost base remains the last component of the overall business case which needs to be met," Qantas management told pilots in an email. endobj We're proud of our joint collaboration with government and broader industry to strengthen Australias approach to anti-corruption through our participation in dedicated focus groups, such as the Bribery Prevention Network and our association with industry bodies such as the Global Compact Network. The Qantas Group entered the crisis in better shape than most airlines. This was on display when Qantas negotiated a new enterprise agreement with its long-haul pilots for Airbus 350 planes capable of ultra-long-range flights, direct from Australia to New York or London. A third hat has been thrown into the ring in the race for a potential new boss of Qantas as Alan Joyce prepares to step down as chief executive by the end of the year.. Security Policy. In the aeroplane cabin, flight attendants employed on "legacy" pay rates can work alongside employees on basic award pay from labour hire firms, and cabin crew employed by wholly-owned Qantas subsidiaries established to supply labour at cheaper rates. Our sophisticated risk assessment utilises known bribery and corruption risk indicators and incorporates the Groups established risk assessment procedures to identify potential risk and, where required, to introduce adequate controls to mitigate that risk. Risk Management Policy is framed as per the following regulatory requirements: Companies Act, 2013: Provisions of the Section 134 (3) "There shall be attached to financial statements laid before a company in general meeting, a report by its Board of Directors, which shall include Using this risk-based approach, we may also deliver training to contractors, agents or persons who may act on our behalf. Qantas has an enviable safety record, consistently ranked as either the safest airline in the world or not far from it. The Board has established Committees that are responsible for considering detailed issues and making recommendations to the Board. The Company's Risk Naren Kumar was appointed Acting CEO of Qantas International in April 2019. Following the review we have re-defined our approach to ensure all Qantas Group workplaces are safer for our people by: Our inclusion and diversity strategy is focused on driving an improved people experience (and in turn, better business outcomes) by removing barriers to inclusion and creating greater opportunities for participation. The Board endorses each of the Australian Securities Exchange (ASX) Corporate Governance Council's Corporate Governance Principles and Recommendations(ASX Principles). Olivia joined Qantas in 2009 and has held several positions, including the role of Chief Customer Officer, Group Executive, Brand, Marketing & Corporate Affairs and Group Executive for Government Relations and Corporate Affairs. To find out more about our environmental strategy and performance, Risk management is an integral part of all organisational process. Where appropriate, we're committed to working with external organisations and initiatives that promote transparent reporting of financial and non-financial metrics in the public interest. Risk management Observations. To avoid accidents, it is necessary to put many slices together to layer the defences so there is no possibility that the holes can line up and an accident happen. Training is primarily delivered online, however we may conduct face-to-face training for employees operating in high-risk roles following consideration of factors such as the corruption risk index of the country, the level of interaction with government, and the nature of the business activity. The group consists of: Jetstar Airways in Australia and New Zealand, wholly owned by the Qantas Group. This incident can be seen one of two ways:The fact that a supervisor apparently picked up the error before the plane departed could suggest that the Swiss cheese defences are robust. The Risk Management Policy serves as a statement of the overall UNCG risk management goals and focus. Opens in a new window "Unfortunately, that has been usedas a threat to the pilots. There is a large likelihood for the risks facing Qantas Airline to occur. Opens in new window. Likewise, the existing competitors are likely to intensify their competition to either increase their market share of maintain their competitor advantage. Risks do not exist in isolation from other . Gareth Evans was appointed CEO Jetstar Group in November 2017. He is also president of the Australian and International Pilots Association, a voluntary position he holds alongside his job at Qantas. Rob Marcolina joined Qantas in October 2012 as Executive Manager Strategy and has expanded his role over the past few years to now having responsibility for driving the overall strategy of the Qantas Group, leading the group wide transformation program and day-to-day responsibility for Qantas IT systems, and their ongoing efficiency and effectiveness. Rob holds a Bachelor of Commerce (Economics) from the University of Melbourne and a Master of Business Administration from the Kellogg School of Management at Northwestern University in the USA. If we identify material risks, we will not transact with suppliers until those risks have been resolved. Over six years he helped grow the airlines network across six continents. He has a broad range of commercial, operational and people leadership skills. This includes aviation safety, WHS, environment, security (including cyber security) and business resilience matters. However, it saysit requires fewer engineers than it had pre-COVID because maintenance requirements are much lower, with its 747-fleet retired and international capacity down. Simulation Technique (Monte Carlo Analysis). Our Modern Slavery Statement,pursuant to the Australian Modern Slavery Act 2018 (Cth) (MSA) and s54(1) of the Modern Slavery Act 2015 (UK MSA) sets out the actions taken by the Qantas Group to assess and address modern slavery risks in our operations and supply chains. Costs of acquiring and maintaining staff. The Qantas Group beliefs anchor our internal priorities and initiatives, including investment in training, effective communication, rewards and recognition, and commitment to diversity and inclusion. Group Finance Policy; 7. Across Australia and around the world, millions of people rely on the Qantas Group to take them somewhere. OurWhistleblower Programis a key aspect of our approach to managing human rights, providing a confidential and accessible channel for individuals to raise matters of legitimate concern with us, so they can be addressed. She holds a Bachelor of Commerce (Honours) from the University of Melbourne and is an alumnus of Harvards Leadership Finance Program. Legal Matter Policy; 8. Every employee and contractor is aware of risks to the business and their responsibility to manage those risks, and we encourage employees to highlight actual or potential concerns. Stephanie Tully was appointed Chief Customer Officer in August 2019, following a 15-year career at the Qantas Group spanning operational, commercial, customer experience, marketing and strategy roles across the airline and loyalty businesses. How to make a disclosure under the Whistleblower Policy. The UQ Policy Handbook is to assist UQ staff developing policies and procedures. BLUE STAR'S RISK MANAGEMENT FRAMEWORK The Company has adopted the Committee of Sponsoring Organizations of the Treadway Commission k_'J+BpphOjtH`w=KBfvFl'`' m8d 4=lY1843VW\%zHg^@{yKwco4`PYd9_ Among other roles in business and the community, Mr Joyce is a Director of the Business Council of Australia and member of the Male Champions of Change.

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