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Review of performance

In order to assist woolgrowers to make their decision, prior to WoolPoll, the Statutory Funding Agreement (SFA) requires AWI to undertake an independent review to assess its performance against the Strategic Plan, relevant Annual Operating Plans, compliance with the SFA and general overview of operations. The review must be conducted by an independent company that has not reviewed or audited AWI in the three years before the review.

Like the WoolPoll result, the outcomes of the review are used by AWI and the Federal Government to negotiate the new SFA, ensuring continued improvement in company performance.

Recent independent reviews of performance

2012-2015 three year review

In compliance with the SFA, in 2015 AWI conducted an independent review of performance prior to the 2015 WoolPoll.

The authors (Deloitte Private) of the 2012-2015 independent review concluded that organisational improvements, including engagement and collaboration, governance and operations, strategy and structure had created value for woolgrowers in several ways:

  • Increased market demand through AWI’s marketing and promotion activities
  • Higher wool prices, in part attributed to AWI’s marketing and promotion activities
  • Improved on-farm and off-farm productivity through AWI’s R&D activities
  • Cost savings as a result of AWI’s on-farm and off-farm R&D activities.

View the 2012-2015 Three Year Review full report (PDF 1.41Mb), or view the 2012-2015 Three Year Review summary (PDF 223Kb).                                                  

The report contained eight recommendations. Review AWI's Response and Implementation Plan (PDF 48Kb). 

2009-2012 three year review

In compliance with the SFA, in 2012 AWI conducted an independent review of performance prior to the 2012 WoolPoll.

Key findings by the authors of the 2009-2012 independent review included:

  • "the performance of AWI as judged by this Review represents a significant turnaround from the company's performance as described in the 2009 Review and there is clear evidence of the very significant efforts of the Board and senior management to establish, document and communicate the processes and procedures consistent with good corporate governance."

The overall findings of the independent review of performance were that AWI has

  • complied with its SFA requirements
  • delivered operations against the relevant Strategic and Annual Operating Plans
  • made significant progress in the implementation of the recommendations from the previous (2006-2009, 2010/11 and 2011/12) reviews of performance.

View the 2009-2012 Three Year Review full report (PDF 979Kb), or view the 2009-2012 Three Year Review summary (PDF 303Kb).

The report contained four recommendations. Review AWI's Response and Implementation Plan (PDF 50Kb).

2010/11 voluntary one year review

Following completion of the 2009/10 independent review of performance AWI volunteered to conduct an additional independent review of performance in 2010/11.

Key outcomes of the 2010/11 independent review included progress in the following areas:

  • Strategic direction; strategy setting process; internal structures for planning and evaluation; staff performance management; board governance.

Major recommendations included:

  • expanding the biennial stakeholder survey to cover all stakeholders; and
  • implementation of monitoring and evaluation framework.

Minor recommendations included:

  • public release of Annual Operating Plan; greater integration of stakeholder engagement in planning; clarification of AWI role's in the global industry context; and improved strategic planning framework documentation.

View the 2010/11 Voluntary One Year Review (PDF 1.44Mb).

2009/10 one year review

As a requirement of the SFA, AWI conducted a one-year-on independent review of performance for 2009/10, to assess progress with implementing recommendations from the 2006-2009 three-year review.

The 2009/10 one-year-on independent review of performance noted significant progress by AWI in all areas assessed.

Key outcomes included progress in the following areas:

  • Position and role in the industry; company structures and processes; and conducting the one-year-on independent review of performance
  • The review concluded that AWI had addressed all recommendations of the 2006-2009 independent review of performance.

Areas identified for improvement included:

  • Strategy setting process; measurement and reporting; internal structures for planning and evaluation; consultation and engagement; corporate governance; appointment of directors; risk, fraud and intellectual property; documentation and communication.

View the 2009/10 One Year Review (PDF 816Kb).

2006-2009 three year review

In compliance with the SFA, in 2009 AWI conducted an independent review of performance prior to the 2009 WoolPoll.

Areas identified for improvement included:

  • Position and role in the industry; company structures and processes; strategy; measurement and reporting; internal structures for planning and evaluation; consultation and engagement; corporate governance; appointment of directors; risk, fraud and intellectual property; documentation and communication
  • A specific recommendation was that AWI conduct a one-year-on independent review of performance for the 2009/10 period. This requirement was enforced by a special clause in AWI's 2010-2013 SFA, negotiated following WoolPoll 2009

View the 2006-2009 Three Year Review (PDF 328Kb).