AWI takes recommendations on board
An independent review of research, development and marketing body Australian Wool Innovation (AWI) suggests the company’s performance has improved in recent months.
Consultancy firm GHD Hassal confirmed that AWI has acted upon all 11 recommendations put forward during last year’s performance review. Improved strategy setting, planning, consultation, corporate governance, company processes and the appointment of directors had been cited as areas where improvements could be made.
GHD Hassal said in a statement: “The consultant considers that implementation of the recommendations has resulted in improved company processes that will ultimately lead to demonstrable outcomes for levy payers and other stakeholders (R&D, marketing, retailing).
“Our consultation found that stakeholders have acknowledged the genuine efforts of AWI to adopt the review recommendations and have generally been pleased with the direction of change.”
AWI CEO, Stuart McCullough, said the company would continue to improve in providing value to woolgrower levy payers.
He said: “Directors and staff at AWI have worked hard to turn this company around and I understand perception takes a long time to change. I look forward to demonstrating further improvements, with AWI volunteering for another review next year.
“In the meantime, I invite all interested parties to view both this report and the 2010-13 Strategic Plan online and take part in the revival of this great natural fibre.”