Reserve Bank of Australia Annual Report – 2011 Reserve Bank Board August 2011
Glenn Stevens (Chairman)
Governor since 18 September
2006
Present term ends 17 September 2013
Chairman – Payments System Board
Chairman – Council of Financial Regulators
Ric Battellino
Deputy Governor since 14 February 2007
Present term ends 13 February 2012
Member – Reserve Bank Board Audit Committee
Martin Parkinson PSM
Secretary to the Treasury
Member since 27 April 2011
Member – Council of Financial Regulators
John Akehurst
Member since 31 August 2007
Present
term ends 30 August 2012
Director – CSL Limited
Director – Origin Energy Limited
Director – Securency
International Pty Ltd
Director – University of Western Australia
Business School
Jillian Broadbent AO
Member since 7 May 1998
Present term ends 6 May 2013
Chairman – Reserve Bank Board Audit Committee
Member – Reserve Bank Board Remuneration Committee
Director
– Australian Securities Exchange
Director – Woolworths Limited
Chancellor – University of Wollongong
Chairman – Sydney Theatre
Company Foundation
Roger Corbett AO
Member since 2 December 2005
Present term ends 1 December 2015
Chairman – Reserve Bank Board Remuneration Committee
Member – Reserve Bank Board Audit Committee
Chairman –
Fairfax Holdings Limited
Chairman – Mayne Pharma Group Limited
Chairman – PrimeAg Australia Limited
Director – Wal-Mart Stores
Inc
John Edwards
Member since 31 July 2011
Present
term ends 30 July 2016
Adjunct Professor – John Curtin Institute of Public Policy, Curtin Business
School, Curtin University
Visiting Fellow – Lowy Institute for International Policy
Graham Kraehe AO
Member since 14 February 2007
Present term ends 13 February 2012
Member – Reserve Bank Board Remuneration Committee
Chairman – BlueScope Steel Limited
Chairman – Brambles
Limited
Director – Djerriwarrh Investments Limited
Director
– European Australian Business Council
Catherine Tanna
Member since 30 March 2001
Present
term ends 29 March 2016
Executive Vice-President – BG Group
Regional Managing Director – BG Australia
Ken Henry AC retired from the Board on 26 April 2011
Donald McGauchie AO retired from the Board on 29 March 2011
Warwick
McKibbin retired from the Board on 30 July 2011
Resolutions Passed by the Board
1 March 2011 Meeting
Ken Henry AC
Donald McGauchie AO
Members noted that this was the final meeting for Ken Henry and Donald McGauchie. Both had served two terms on the Board, covering a period of 10 years, with professionalism and distinction. Their skills, extensive knowledge and broad-ranging experience had contributed enormously to the deliberations of the Board, both on monetary policy and other matters. Mr McGauchie had also chaired the Board's Remuneration Committee over the past eight years. Members thanked Dr Henry and Mr McGauchie for their contributions and wished them well in the future.
5 July 2011 Meeting
Warwick McKibbin
Members noted that this was the final meeting for Warwick McKibbin, who had served two terms on the Board, covering a period of 10 years, with professionalism and distinction. The Governor paid tribute to Professor McKibbin's active and probing role as a Board member, which had been based on his wide expertise in the field of international economics, an expertise widely recognised both in Australia and around the world. Members recorded their appreciation for Professor McKibbin's contribution to the sound conduct of monetary policy throughout his time on the Board. Members wished him well in the future.