The following diagrams illustrate OZ Minerals’ organisational structure and key responsibilities for sustainability performance within all levels of the business.
OZ Minerals’ organisational and management structure
OZ Minerals’ sustainability governance
Board and committees
Responsibility for our strategic approach to sustainability lies with the OZ Minerals Board. The Board strives to ensure that it is comprised of strongly performing individuals of utmost integrity whose complementary skills, experience, qualifications and personal characteristics are suited to OZ Minerals’ needs.
OZ Minerals’ Constitution provides for a minimum of three and a maximum of 15 directors. At the beginning of 2010, there were nine directors. Two directors will retire in April 2010. Apart from the CEO, all directors are independent non-executives.
To facilitate the execution of its responsibilities, the Board’s Committees provide a forum for a more detailed analysis of key issues. The current Board committees are the Audit Committee, Sustainability Committee and the Nomination and Remuneration Committee.
The Sustainability Committee’s role is to assist the Board in the effective discharge of its responsibilities in relation to safety, health, environmental and community issues across the company and the oversight of risks relating to these issues.
A profile of each Director, including their skills, experience, relevant expertise and special responsibilities is available in our Annual Report.
Senior management
Responsibility for OZ Minerals business processes and sustainability performance lies with the CEO, Terry Burgess, supported by the executive management team. The CEO’s performance is measured against detailed key performance indicators (KPIs) relating to values and governance, economic and sustainability performance. This forms the basis of remuneration and short-term incentives (STIs).
These KPIs cascade through to all of the CEO’s direct reports, whose performance is measured against KPIs relating to economic and sustainability performance within their particular area of responsibility.
Special responsibilities lie with the Executive Committee. All OZ Minerals’ general managers are accountable for values and governance, economic and sustainability performance within their particular area of responsibility.
