Racing Australia Annual Report 2017

52 | Racing Australia Annual Report 2017 Directors' Report continued Racing Australia Limited | ACN 105 994 330 and Controlled Entities | Annual Report for the Financial Year Ended 30 June 2017 Russell Balding AO – Deputy Chair Chairman, Racing New South Wales, Deputy Chairman of Destination NSW, Director, The Trust Company (Sydney Airport Ltd), Former: Chairman of Cabcharge Australia Limited, Director, ComfortDelGro Cabcharge Pty Ltd, Director, CityFleet Networks Ltd (UK), Chairman of the Visitor Economy Taskforce, Chief Executive Officer of the Sydney Airport Corporation, Managing Director of the Australian Broadcasting Corporation (ABC), Director of Funding, Finance and Support Services and CFO of the Australian Broadcasting Corporation (ABC), Director of Finance at the NSW Roads and Traffic Authority. Awarded Officer of the Order of Australia in 2007 for service to the Australian broadcasting industry, particularly through initiatives in the areas of service delivery, advanced technology and financial management, and to the accounting profession through CPA Australia. Peter V’landys AM – Alternate Director (Russell Balding AO) Chairman of Finance, Governance and Remuneration Committee, Racing Australia, Secretary, Racing Appeals Tribunal, Chairman, Racing Product Committee, Chairman, Racing NSW Animal Care and Ethics Committee, Member, Product Supply Advisory Group, Chairman, National Jockeys Safety Committee, Director, RacingCorp Pty Ltd, Chairman, Australian Racing and Equine Academy, Former: Director, Racing Information Services Australia, Executive Member, Australian Racing Board. Awarded Member of the Order of Australia in the Australia Day honours for services to the Racing Industry in 2014. Greg Nichols – Director Director, Racing Victoria, Director, Racing.com, Member, Racing Victoria Media Rights & Wagering Sub-Committee, Member, Racing Victoria and Country Racing Victoria Steering Committee, Director & Principal, Vision Racing & Sport. Former: Betfair Group Limited, The Sporting Exchange, Managing Director, Sporting Affairs, Chairman & Non- Executive Director, Timeform, Non-Executive Director, Betfair Australasia, Chief Executive & Executive Director, British Horseracing Board, General Manager – Industry Racing, Racing Victoria, Chief Executive, South Australian Thoroughbred Racing Authority. Industry – Maintain and build upon effective lines of consultation and communication which will engage and inform industry stakeholders and customers of Racing Australia's initiatives and objectives. Media – Promote better understanding, knowledge and media coverage of Thoroughbred racing as a local, regional and national industry and sport. International – Build on Racing Australia's position as a globally recognised influence and standard-setter of Thoroughbred racing with the capacity to promote Australia's interests internationally. KEY PERFORMANCE MEASURES The company measures its own performance through the use of both quantitative and qualitative benchmarks. The benchmarks are used by the Directors to assess the financial sustainability of the company and whether the company’s short-term and long-term objectives are being achieved. This includes the publication of service standard performance reports monthly on the Racing Australia web site. DIVIDENDS There were no dividends paid, recommended or declared during the current or previous year. INFORMATION ON DIRECTORS Frances Nelson QC – Chair Chair, Thoroughbred Racing South Australia, Chairman, Parole Board of South Australia, Member of the Sentencing Advisory Council. Former Principal Director, Australian Racing Board. Leading figure in the South Australian legal establishment. James Watters – Alternate Director (Frances Nelson QC) Chief Executive Officer, Thoroughbred Racing South Australia. Former: Chief Executive of the Thoroughbred Racing Action Consortium (group of 7 Racing Clubs in NZ), Member NZ Thoroughbred Racing’s Jockey’s Safety Review Group, Member NZ Racing Board’s Equine Influenza Crisis Management Group and the Minister of Racing’s Task Force (to review the NZ Racing Industry), Director Bay of Plenty Rugby Union.