In the past few years Boards have become more involved with tax risk management. There are a number of reasons for this: tax has become a more important and topical issue in general; there is a deeper understanding of the financial and reputational impact associated with tax risks, and of course, the ATO’s recommended governance frameworks for tax functions and its expectations regarding board-level controls.
This video explores the impact of these developments from the perspective of Board members.
Teresa is a professional company director who has enjoyed a long career as a tax adviser, previously as a tax partner at each of Ashurst and Deloitte. Now Teresa has a broad portfolio of directorships, including as a non-executive director and Audit & Risk Committee Chair of ASX-listed Seven West Media Ltd, Genex Power Ltd and Shine Justice Ltd. Teresa is also a director of Energy Queensland Ltd, Energy Super, Power & Water Corporation (NT) and the Gold Coast Hospital & Health Board, and a member of the Foreign Investment Review Board, the Takeovers Panel and the National Housing Finance & Investment Corporation. Teresa is, and has been, a member of the boards of not-for-profit entities in the arts, health promotion and international human rights sectors. Teresa has previously been Chair of the Board of Taxation and Chair of the Law Council of Australia, Business Law Section and was named Woman Lawyer of the Year in 2011 by the Women Lawyers Association of Queensland.
- Current at
30 November 2020
Michael is Vice President Finance of Shell’s Businesses in Australia and New Zealand. This division includes Shell’s operations for production, Processing and sales of Natural Gas. Previous roles have included Vice President Finance of Shell’s Global Integrated Gas Business, Global Commercial Fuels and Lubricants division, Vice President Strategy and Finance of Shell’s Exploration and Production businesses in Australia, Head of Mergers and Acquisitions, based in the Hague, Vice President Finance, Strategy & Portfolio of Shell’s Global Downstream Manufacturing and Marketing businesses as well as Chief Financial Officer of Shell’s Global Future Fuels and CO2 division, the division accountable for research and development of bio-fuels, hydrogen fuels, CO2 abatement & sequestration developments. Earlier in his career, Michael held various roles in finance and business development throughout Shell’s businesses in the Asia Pacific and Middle East region with assignments in Singapore, Malaysia, Australia and New Zealand. Michael is a past board member of the Australian Petroleum Production & Exploration Association (APPEA). Michael holds a Masters in Applied Finance from the University of Melbourne Australia, a Bachelor of Business Studies from Massey University New Zealand, is a Chartered Accountant and a member of the Australian Institute of Company Directors.