Directors’ Report
Directors’ Report The Directors of Transurban Holdings Limited (‘the Company’), Transurban International Limited and Transurban Infrastructure Management Limited, as responsible entity of Transurban Holding Trust, present their Directors’ Report on the Transurban Group for the financial year ended 30 June 2024 (‘FY24’).
Directors’ details The Boards of Transurban Holdings Limited, Transurban Infrastructure Management Limited and Transurban International Limited have common Directors. The names of Directors who served during or since the end of FY24 are below. All Directors held their positions for the duration of FY24 unless otherwise stated. • Craig Drummond (Chair) • Michelle Jablko (Chief Executive Officer and Managing Director, from 19 October 2023) • Mark Birrell • Patricia Cross • Marina Go • Gary Lennon (from 18 March 2024) • Timothy Reed • Sarah Ryan (from 1 September 2023) • Peter Scott • Robert Whitfield • Terence Bowen (until 19 October 2023) • Scott Charlton (until 19 October 2023) • Jane Wilson (until 18 October 2023) Details of each Director’s appointment, qualifications, experience and special responsibilities, together with their recent directorships, are set out in their biographies on pages 74–75. Company secretary Fiona Last is the Company Secretary of Transurban Holdings Limited, Transurban Infrastructure Management Limited and Transurban International Limited. Fiona Last LLB (Hons), BCom, FGIA Fiona joined Transurban as Company Secretary in January 2020. Fiona is an experienced corporate lawyer and governance adviser with over 20 years relevant professional experience. Prior to joining Transurban, Fiona was Company Secretary at Treasury Wine Estates, and a Senior Corporate Lawyer at National Australia Bank. Prior to her in-house roles, Fiona worked as a corporate lawyer for legal firms in Australia, Asia and the United Kingdom.
Operating and financial review A review of the Group’s operations and the results of those operations during the year, including likely developments in future financial years and risk management, are on pages 79–86 of this Corporate Report. Other than the information included in the operating and financial review and throughout this report, information on other likely developments, business strategies and prospects for future financial years has not been included as it would be likely to result in unreasonable prejudice to the Group. Details of the results of the Group’s operations are in the financial statements (pages 113–219).
The Directors’ Report has been prepared in accordance with the requirements of the Corporations Act 2001 (Cth) with the following information forming part of this Directors’ Report: • Operating and financial review (see right) • Remuneration report on pages 91–111 • Directors’ declaration on page 219 • Auditor’s independence declaration on page 112. Principal activities The principal activities of the Group during the reporting period were the development, operation and maintenance of toll roads in Sydney, Melbourne and Brisbane in Australia, as well as investments in toll roads in Sydney in Australia, and in Montreal and the Greater Washington Area in North America. There has been no significant change in the nature of these activities during the reporting period.
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