Qantas 2012 Annual Report Download - page 39

FOR THE YEAR ENDED 30 JUNE 2012
Directors’ Report
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 2012 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
Peter Cosgrove, AC, MC
Patricia Cross
Richard Goodmanson
Garry Hounsell
William Meaney
Corinne Namblard
Paul Rayner
John Schubert, AO
James Strong, AO
Barbara Ward, AM
Details of Directors, their qualifications,
experience and any special responsibilities,
including Qantas Committee Memberships,
are set out on pages 12 to 15.
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 freight services and the operation of
a Frequent Flyer loyalty program. 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 2012 (2011: nil final
dividend). No interim dividend 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 Group’s financial position appear
on pages 6 to 25. In the opinion of the
Directors, there were no significant
changes in the state of affairs of the
Qantas Group that occurred during
the year under review.
EVENTS SUBSEQUENT TO BALANCE DATE
Refer to page 130 for events which occurred
subsequent to balance date. Other than
the matters disclosed on page 130, since
the end of the year and to the date of this
report no other matter or circumstance
has arisen 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 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 held (including Meetings of Committees of Directors) during 2011/2012 is as follows:
Qantas Board Audit Committee1
Safety, Health,
Environment and
Security Committee1
Remuneration
Committee1
Nominations
Committee1
Scheduled
Meetings
Unscheduled
Meetings
Sub-Committee
Meetings2
Directors Attended Held3Attended Held3Attended Held Attended Held Attended Held Attended Held Attended Held
Leigh Clifford      4– – – – – –  
Alan Joyce      4– –   – – – –
Peter Cosgrove     – – – –   – – – –
Patricia Cross     – –   – –   – –
Richard Goodmanson     – – – –     – –
Garry Hounsell      4  – – – –  
William Meaney     – – – – – – – – – –
Corinne Namblard      5– – – – – – – –
Paul Rayner      5    – – – –
John Schubert     – – – –   – –  
James Strong     – – – – – –    
Barbara Ward      5    – – – –
1 All Directors are invited to, and regularly attend, Committee meetings in an ex-officio capacity. The above table reflects the attendance of a Director only where they are
a member of the relevant Committee.
2 Sub-Committee meetings convened for specific Board-related business.
3 Number of meetings held during the period that the Director held office. Mr Meaney was appointed to the Qantas Board on 15 February 2012.
4 Number of meetings held and requiring attendance.
5 Number of meetings requiring attendance.
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