41 AGL Energy Limited Annual Report 2011 AGL’s Website Business units Group Risk The following documents are published on  the AGL website under About AGL/Investor  Centre: The Committee is responsible for: AGL’s business units are responsible for  maintaining effective internal controls,  consistently applying the risk management  framework, and reporting new or changed  risk events. Group Risk is responsible for supporting the  businesses to identify and implement  effective risk management processes, for  reporting details of material business risks  and risk controls to the Committee, and for  recommending changes to the Risk  Management Policy. Group Audit provides assurance to the  Committee on the effectiveness of AGL’s  risk management framework and on the  adequacy and effectiveness of the system  of internal controls. > reviewing the performance and  remuneration of senior management;  and > reviewing and ratifying AGL’s  remuneration and employment policies,  procedures and programs. >Annual Report > Sustainability Report > Corporate Governance Statement >Board Charter > People and Performance Committee  Charter > Audit and Risk Management Committee  Charter > Safety, Sustainability and Corporate  Responsibility Charter > Nominations Committee Charter > Code of Conduct > the remuneration of Directors; > the remuneration, recruitment, retention  and termination policies applicable to  AGL’s senior management; > guidelines for incentive plans, particularly  as they relate to the Executives; > the superannuation arrangements in  place for AGL employees; and These responsibilities include making  recommendations to the Board in  relation to: Group Audit Recommendation 7.3 –  CEO and CFO  assurance on financial reporting risks Recommendation 8.3 –  The Company  should distinguish between non–executive  Directors’ remuneration and that of  executive Directors and senior  management Principle 8: Remunerate fairly  and responsibly The CEO and the CFO have provided the  Board with written assurances that the  declaration provided in accordance with  section 295A of the Corporations Act is  founded on a sound system of risk  management and internal control and that  the system is operating effectively in all  material respects in relation to financial  reporting risks. The CEO attends meetings of the  Committee by invitation when required to  report on and discuss senior management  performance, remuneration and related  matters, but is not present at meetings  when his own performance or  remuneration is discussed. > Securities Dealing Policy > Compliance Policy > Auditor Independence Policy > Market Disclosure Policy > Risk Management Policy > Health, Safety and Environment Policy > Privacy Policy > Diversity and Inclusion Policy > Wholesale Energy Risk Management  Policy (summarised) > AGL employment policy matters. AGL’s remuneration structure distinguishes  between non–executive Directors and that  of the CEO and senior management. A  Remuneration Report required under  Section 300A(1) of the Corporations Act is  provided in the Directors’ Report on pages  48 to 59 of this Annual Report. The Board has established a People and  Performance Committee (equivalent to a  remuneration committee) comprising three  non–executive and independent Directors,  Max Ould (Chairman), Sandra McPhee and  Belinda Hutchinson. The Committee has a  formal Charter that is required to be  reviewed at least every two years. The  Charter was most recently reviewed in  June 2010. A copy of the Charter is  available on AGL’s website. Recommendation 8.1 –  The Board should  establish a remuneration committee Recommendation 8.2 –  The remuneration  committee should be structured  appropriately Reporting Directors’ Report  42 Financial Report  60 Independent Auditor’s Report  134 Auditor’s Independence Declaration  135 Shareholding Information  136 Shareholder Information  137