Qantas 2009 Annual Report Download - page 65

63 Qantas Annual Report 2009
Directors’ Report
for the year ended 30 June 2009
The Directors of Qantas Airways Limited (Qantas) present their Report
together with the Financial Statements of the consolidated entity, being
Qantas and its controlled entities (Qantas Group), for the year ended
30 June 2009 and the Independent Audit Report thereon.
DIRECTORS
The Directors of Qantas at any time during or since the end of the year are:
Leigh Clifford, AO
Alan Joyce
(appointed 28 July 2008 and as Chief Executive Officer
and Managing Director 28 November 2008)
Colin Storrie
(appointed 30 September 2008)
Geoff Dixon
(resigned 28 November 2008)
Peter Gregg
(resigned 30 September 2008)
Mike Codd, AC
(resigned 15 October 2008)
Peter Cosgrove, AC, MC
Patricia Cross
Richard Goodmanson
Garry Hounsell
Paul Rayner
(appointed 16 July 2008)
John Schubert
James Strong, AO
Barbara Ward
Details of Directors, their qualifications, experience and any special
responsibilities, including Qantas Committee Memberships, are set out on
pages 50 to 51.
PRINCIPAL ACTIVITIES
The principal activities of the Qantas Group during the course of the year
were the operation of international and domestic air transportation
services, the provision of time definite freight services, the operation of a
Frequent Flyer loyalty program, the sale of international and domestic
holiday tours and associated support activities including flight training,
catering, passenger and ground handling, and engineering and
maintenance. There were no significant changes in the nature of the
activities of the Qantas Group during the year.
DIVIDENDS
No final dividend will be paid in relation to the year ended 30 June 2009
(2008: final dividend 17.0 cents per share). A fully franked interim dividend
of $117 million (6.0 cents per share) was paid during the year.
REVIEW OF OPERATIONS AND STATE OF AFFAIRS
A review of, and information about, the Qantas Group’s operations,
including the results of those operations and changes in the state of
affairs of the Qantas Group during the year together with information
about the financial position of the Qantas Group, appear on pages 14 to 49.
In the opinion of the Directors, there were no other significant changes in
the state of affairs of the Qantas Group that occurred during the year
under review.
EVENTS SUBSEQUENT TO BALANCE DATE
There has not arisen since the end of the year and to the date of this
Directors’ Report, any other matter or circumstance that has significantly
affected or may significantly affect the Qantas Group’s operations, results
of those operations or state of affairs in future years.
LIKELY DEVELOPMENTS
Further information about the likely developments in the operations of the
Qantas Group in future years and the expected results of those operations
has been omitted from this Directors’ Report because disclosure of the
information is likely to result in unreasonable prejudice to the Qantas
Group. Further information about the Qantas Group’s business strategies
and its prospects for future years has been omitted from this Directors’
Report because disclosure of the information is likely to result in
unreasonable prejudice to the Qantas Group.
DIRECTORS‘ MEETINGS
The number of Directors’ Meetings (including Meetings of Committees of Directors1) held during the year are as follows:
Qantas Board Audit Safety, Environment Remuneration
Scheduled Meetings Unscheduled Meetings Committee & Security Committee Committee
Directors Attended Held2 Attended Held2 Attended Held3 Attended Held3 Attended Held3
Leigh Clifford 7 7 4 4 54 5 24 3 84 8
Alan Joyce 7 7 2 3 54 5 2 2 74 7
Colin Storrie 5 5 3 3 44 4 – – – –
Geoff Dixon 3 3 1 2 14 1 1 1 44 4
Peter Gregg 2 2 – 1 – 1 – – – –
Mike Codd 2 3 1 1 1 1 1 1 – –
Peter Cosgrove 7 7 4 4 – – 3 3 – –
Patricia Cross 7 7 4 4 5 5 – – 8 8
Richard Goodmanson 6 7 4 4 14 5 – – 7 8
Garry Hounsell 7 7 4 4 5 5 14 3 14 8
Paul Rayner 7 7 4 4 5 5 2 2 34 8
John Schubert 7 7 3 4 – – 35 3 – –
James Strong 7 7 4 4 – – – – 8 8
Barbara Ward 7 7 3 4 – – 3 3 – –
1. The Nominations Committee was not required to convene separately during 2008/09 as all relevant business was considered during Board Meetings.
2. Number of Meetings held during the time that the Director held office during the year.
3. Number of Meetings held during the year that the Director held of fice and attended as a Committee Member or in an ex-officio capacity.
4. Attended Meetings in an ex- of ficio capacit y.
5. Dr Schuber t was appointed Chairman of the Safet y, Environment & Security Commit tee on 15 October 20 08 following the retirement of Mr Codd.