WBC announces final member of independent Advisory Panel

ASX
Release


16 January 2020

Westpac announces final member of independent Advisory Panel for AUSTRAC
Accountability Review

Westpac Group has today announced that Mr Colin Carter AM has been appointed to the
three-member Advisory Panel assessing Board risk governance and accountability in relation
to the issues raised in AUSTRAC’s Statement of Claim.

Mr Carter has over 30 years’ experience in management consulting, advising on organisational
strategy and governance issues. He has carried out Board performance reviews for a number
of companies and has wide industry knowledge of corporate governance issues.

Mr Carter joins previously announced Panel members Dr Ziggy Switkowski AO and Dr Kerry
Schott AO. The Panel will provide recommendations on Board risk governance and
accountability in relation to financial crime, an important part of Westpac’s work to raise
standards and fix any gaps.

Mr Carter’s full biography is below.

More information about the Accountability Review Advisory Panel is available here
.

Biography

Colin B. Carter, AM

Mr Carter has been an independent Non Executive director at Lendlease since April 2012. He
is also a director of the National Golf Club and Australian Ballet Foundation, and President of
the Geelong Football Club. Mr Carter is one of the founding partners of The Boston Consulting
Group in Australia, retiring as a Senior Partner in 2001, and continues as an advisor with that
company.

Mr Carter has over 30 years of experience in management consulting, advising on
organisational strategy and governance issues. His career has included major projects in
Australia and overseas. He has wide industry knowledge of corporate governance issues,
having carried out Board performance reviews for a number of companies and co-authored a
book on Boards, ‘Back to the Drawing Board’, published by Harvard Business School Press.




Level 18, 275 Kent Street
Sydney, NSW, 2000

Mr Carter was a Non Executive Director of Wesfarmers Limited serving on that board for 12
years. He was also a Non Executive Director of Seek Limited for 13 years, and was a former
Chairman of Jawun and director of Origin Energy, World Vision and the AFL Commission.

Mr Carter holds a Bachelor of Commerce from Melbourne University and a Master of Business
Administration from Harvard Business School, where he graduated with Distinction and as a
Baker Scholar. He is a Fellow of the Australian Institute of Company Directors.



For further information:

Stephanie Arena Andrew Bowden
Media Relations Head of Investor Relations
0466 451 995 +61 2 8253 4008





This document has been authorised for release by Sarah Donnelly, Head of Group Secretariat.