Corporate Governance
The Board of the Port of Brisbane Corporation currently comprises eight Directors who are appointed by the Governor in Council on the recommendation of the shareholding Ministers – the Deputy Premier, Treasurer and Minister for State Development, Trade and Innovation and the Minister for Transport and Main Roads – in accordance with the Government Owned Corporation (GOC) Act 1993. Directors are appointed for a term of not more than five years.
The criteria for membership of the Board are in accordance with the GOC Act: namely, that in appointing a person as a Director, the Governor in Council must have regard to that person’s ability to make a contribution to the statutory GOC’s commercial performance and implementation of its Statement of Corporate Intent.
The Board assumes overall responsibility for corporate governance in the Port of Brisbane Corporation, and monitors the performance of the Corporation, its management and staff both directly and through the established Board Committees.
The Board operates under a formal charter that details its functions and responsibilities.
Directors are able to seek independent professional advice, at the Corporation’s expense, in carrying out their duties.
A Director’s Code of Conduct has been developed, which is signed by each individual Director.
A list of Directors’ business interests outside the Corporation has been compiled to identify any areas of activity that may lead to a conflict of interest, and each meeting of the Board commences with a declaration of interest by Board members.
Board Committees:
