Corporate governance

Chairman

The Panel is made up of part-time members appointed by the Minister. The Minister has appointed Mr Paul Shannon as Chairman. The Chairman’s responsibilities include:

Executive team

As at 30 June 2007, the members of the Executive team were:

Panel members

Mr Paul Shannon, FRP Chairman

Mr Paul Shannon is a partner at KPMG in Melbourne, having joined the firm in 1976 and been admitted to partnership in 1986. Mr Shannon has over 30 years experience in providing audit and assurance services to Australian corporations in the Consumer and Industrial market sector. During his time at KPMG, Mr Shannon has served on National and International accounting and auditing policy committees of KPMG as well as held operational management positions within the firm. He is the lead Partner for two of Australia’s largest industrial market companies and has concurring review partner responsibilities for several others. Mr Shannon has been involved in numerous assignments concerning due diligence of major transactions including those involving public listings and acquisitions. He has also previously been a member of the Auditing and Assurance Standards Board.

Professor Michael Burgess

Mr Michael Burgess is an Adjunct Professor of Commerce at the University of South Australia and a consultant to KPMG in the areas of health and not-for-profit organisations. He was previously a senior partner at KPMG. Over a period of 25 years he was actively involved in providing audit and financial advisory services to clients in Australia, Canada and the United States of America in the areas of financial services, insurance retailing, health care and manufacturing. Mr Burgess is also a member of the Board of Medical Insurance and the Advisory Board of the Australian Broadcasting Corporation.

Mr Allen Craswell

Mr Allen Craswell is Emeritus Professor at the University of Sydney. Mr Craswell has significant knowledge of accounting and auditing, having spent several decades in teaching and as the Head of Department in Accounting, both in Australia and abroad. Mr Craswell has held professorial appointments at the Universities of Sydney, Queensland and Melbourne.

Mr Craswell is a member of the Auditing Standards and Education Boards of the Institute of Chartered Accountants in Australia, and he has produced a number of books, articles and edited works in auditing and accounting.

Ms Brigid Curran

Ms Brigid Curran is an independent financial reporting consultant. She has previously held positions as National Technical Partner for Coopers & Lybrand and was a board member of the AASB and a member of the Urgent Issues Group. She has had a long history of involvement in the development and issuance of accounting pronouncements during her employment with the Australian Accounting Research Foundation (AARF) which included a period of secondment as technical director of the International Accounting Standards Committee (IASC).

Mr Martin Fensome

Mr Martin Fensome is a Partner with Bentleys MRI in Melbourne. He has over twenty years experience at a senior level in providing external and internal audit services to a broad range of clients in both the private and public sector. He was also previously a senior project manager with Australian Accounting Research Foundation (AARF)

Mr Ken McKenzie

Mr Ken McKenzie has industry experience in the manufacturing, distribution and markets industry. He is the Financial Controller at Coca-Cola Amatil Ltd and previously held the position of Corporate Planning Manager and has been extensively involved in mergers and acquisition and business reorganisation.

Recently he participated in the International Accounting Standards Group (a group that acted as an avenue for dialogue between the Government and other stakeholders on issues surrounding the adoption of International Accounting Standards)

Prior to joining Coca-Cola Amatil Ltd he worked with Reckett and Colman in key positions as Finance and Planning Manager of various businesses.

Mr Ted Rofe

Mr Ted Rofe was a Director and Chairman of the Australian Shareholders Association. He has practiced as a solicitor in NSW and has lectured in Financial Accounting at the University of NSW. He has also been a member of the UIG, the AARF Legislation Review Board, the Corporations Law Simplification Consultative Group and the Australian Securities and Investments Commission Consumer Advisory Panel.

Mr Greg Ward

Mr Greg Ward is Head of Corporate Affairs and Chief Financial Officer at Macquarie Bank Limited and is a member of the Bank’s Executive Committee. He has previously been a member of the AASB, is a chartered accountant and has nearly 20 years experience in finance and financial services.

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