Sound management

The Board of Directors and senior management of EML commit to high standards of corporate governance, ensuring we protect the interest of our members and meet constitutional, Federal, State and regulatory laws.


Investing in our members

Our corporate governance statement outlines the framework and procedures that guide us. Integral to our approach is compliance with Australian Prudential Regulatory Authority standards, as well as a commitment to effective stakeholder communication.

As an Australian-owned mutual, we are owned by our members and not by shareholders. We reinvest our profits back to our employer members and their workers. You are an employer member if you have a workers compensation policy through EML or Hospitality Employers Mutual Limited. 

Over the past year we have facilitated over 3,000 claims. Over the past decade we have invested $35 million in member benefits. It's this support that enables injured workers to return to the work in a sustainable way.


Board of Directors

The EML Board is the guardian of transparency, accountability and operational efficiency. By  working with management, the Board oversees EML’s performance and strategic direction.

The Board has ultimate responsibility for risk management and capital management and has overseen the development of the risk management and capital management frameworks.

The Board can resolve to delegate powers over certain specific decisions to the Chief Executive Officer (CEO) or to a committee of the Board, but it must remain responsible for overseeing the exercise of delegated powers.


Annual General Meetings

Each year EML holds an Annual General Meeting (AGM). During this meeting, we receive the company financial report, elect Directors and conduct any other important items of business.

View Annual Reports


Board Committee


Board Audit Committee (BAC)

The BAC assists the Board to discharge its corporate governance responsibilities by overseeing the systems for financial management and capital management of the company.

The BAC also oversees the financial reporting and internal and external audits, and will generally assist the Board in providing an objective, non-executive view of the effectiveness of EML’s financial and capital management, financial reporting and control processes (including compliance management systems).


Board Risk Management Committee (BRiCC)

The BRiCC assists the Board to discharge its corporate governance responsibilities by overseeing the systems for risk management and compliance within the company. BRiCC provides an objective, non-executive view of the implementation, effectiveness and ongoing operation of the EML risk management and control processes (including compliance management systems and the risk management framework along with the amount of risk taken by the company (known as risk appetite).


The Board Underwriting Committee (BUC)

The Board has delegated key aspects of its responsibility to oversee the company’s underwriting activities (including approval of new schemes and underwriting authorities) and the monitoring of insurance risk to the BUC. Key responsibilities of the BUC include setting and approving the underwriting strategy, ongoing scheme monitoring, and reviewing new schemes in order to approve or decline the schemes.


The Board Remuneration Committee (BRC)

APRA requires regulated general insurers to establish a board remuneration committee to oversee remuneration arrangements in respect of the company. As well as overseeing the operation of the EML Remuneration Policy, the BRC is charged with overseeing and making recommendations in respect of remuneration arrangements in the business.


Contact us for more information about EML’s Corporate Governance.