CHAIRPERSON’S REPORT CHAIRMAN’S REPORT
alone. We have the opportunity to leverage the power of many by working together for the benefit of all. Recognition On behalf of the Board, I would like to extend our thanks to all of the Go Vita staff for their dedication, professionalism and diligence throughout the year in very trying circumstances. We are grateful for the excellent leadership that Clinton Hayes and the Executive Team have shown through challenging times. I would also like to extend thanks, on behalf of myself and the shareholders, to the Directors on the Go Vita Board. The Member Directors - Simon Becher, John Bylicki, Harry Karabalis and Alison Harris – take time away from their businesses every month to make your businesses more successful. They have diligently and professionally performed their director duties and make decisions in the best interest of the co-operative not their own businesses. They are a credit to member directors. Special mention to Chris Mobbs from Go Vita Ballarat who at the request of the Board has served as a member of the Audit and Risk Committee. My thanks also to Independent Director, Bob Peterson, who provides great counsel to myself and the other Directors and encourages us to think differently about the issues we consider. And finally to our Managing Director, Clinton Hayes, who has provided constant leadership to staff and members with dedication, responsiveness and good grace despite the challenging times. It continues to be my pleasure to serve with you all.
As part of the governance education of the Go Vita Group as a whole, the Board last year developed a Corporate Governance Charter which details how we do governance at Go Vita. It is available to all shareholders on VitaCloud. In addition, in this report, we have included a Corporate Governance Statement which considers our governance practices relative to the BCCM CME Governance Standards. The BCCM is the Business Council of Co-operatives and Mutuals of which Go Vita Group is a member. The BCCM in 2018 developed a set of governance standards appropriate to CME’s (Co-operative and Mutual Enterprises.) These have been modelled on the ASX Corporate Governance Principles but nuanced to reflect the special nature of co-operative and mutuals. We work diligently to govern your co-operative professionally and ethically and are keen for all Go Vita shareholders to have a better understanding of how we do that on your behalf. 2022-2023 I would love to be able to say that the 2022-2023 year will be a return to stability in a post covid normal world. But I think we all understand that supply chain issues, labour shortages, economic pressures, and global uncertainties will continue to negatively impact business and consumer confidence for some time yet. The Board and management team have been cautious and conservative in their expectations for the year. We will continue to forensically monitor the company performance throughout the year and will take corrective action if need be. Last year I encouraged all of you to carefully monitor your own cashflow forecasts as we navigate uncertain times and I repeat that caution to you again this year. The benefit of being a member of a co-operative is that while you are independent business owners you are never
Trish Ridsdale, Chairman 11 October, 2022.
I GO VITA GROUP LIMITED ANNUAL REPORT 2021-2022 16
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