Landcom is a State Owned Corporation, operating under the Landcom Corporation Act 2001. Our objectives under the Act are to:
- Undertake strategic and complex development projects.
- Assist the Government in achieving its urban management objectives.
- Be a successful business, operate efficiently and maximise the net worth of the State’s investment in it.
- Be a responsible developer.
- Be socially responsible and protect the environment.
- Display a sense of responsibility towards regional development and decentralisation.
In 2005/2006, overall control of the Corporation was exercised by Landcom’s Portfolio Minister, the Hon Frank Sartor MP in conjunction with the Hon John Della Bosca BA MLC and the Hon Michael Costa MLC, acting in the capacity of Shareholder Ministers.
Our activities are overseen by a Board of Directors acting on behalf of Landcom’s shareholders. The Board’s main responsibilities are to set strategic direction, establish Landcom’s major objectives, identify and manage risk and ensure that the Corporation complies with all relevant legislation.
The Board meets with Senior Management early each year to set the strategic direction for the organisation and to specify key corporate targets to be achieved for the following financial year. Landcom’s Corporate Plan and its Statement of Corporate Intent are the products of this process.
While Board meetings are held monthly, Board members also preside over a number of committees established to oversee specific issues requiring ongoing review. These are the Audit and Risk Management, Marketing and Sales, Information Technology and Remuneration Committees.
