Role of the Board

The Board of AWTA Ltd is responsible for all matters pertaining to the running of the Company.

The Board will be responsible for and have the authority to determine the policy, practices, management and operation of AWTA Ltd and shall do all such things as may be necessary to be done from time to time in order to carry out the objectives of the Company. Without limiting this general role, the principal functions and responsibilities of the Board include:

• Setting the short, medium and long-term goals of the Company.
• Providing directions in the context of the strategic needs of the Company.
• Determining the major policies governing the operations of AWTA Ltd.
• Appointing and approving the terms and conditions of the appointment of the Managing Director.
• Endorsing the terms and conditions of the General Manager - Corporate Services, General Manager - Customer Relations and General Manager - Laboratory Operations.
• Reviewing and providing feedback on the performance of the Managing Director and his senior executives.
• Establishing and determining the powers and functions of all Committees of the Board.
• Approving major operating and business plans.
• Approving the annual operating and capital budgets and fees for service.
• Approving all items of capital expenditure above $400,000 for replacement and essential items, and above $250,000 for items subject to evaluation.
• Reviewing annual progress and performance in meeting the objectives of the Company including, reporting on the outcome of such reviews.

The Board conducts its activities through the Managing Director and delegates to him specific powers and responsibilities.

Delegations to the Managing Director are contained in the Section 7