Historic Changes Made At Cricket Australia AGM
Cricket Australia (CA) have made historic moves to restructure their governance by electing Jackie Hey, David Peever and Kevin Roberts as its first independent directors.
The Annual General Meeting also approved constitutional and by-law changes with the goal of having a fully independent board of nine directors by 2017.
The inaugural board, now comprising six state-based representatives and the three independent members, will meet tomorrow, replacing CA's 14-member board appointed by State Associations.
"It is an historic day for Australian Cricket," CA Chairman Wally Edwards told the AGM.
"The discussion across Australian cricket has been characterised by a willingness to think and act collectively in the best interests of the game we love and serve.
"Off-field success doesn’t guarantee on-field success but is a necessary starting point," he added.
CA also reported an operating surplus of $45.6 million on revenue of $265 million, allowing an increase in distributions to State Association members from $63.2 million to £70.5 million.
The increased surplus was largely due to the sale of media rights to Australia's home series with India.
© Cricket World 2012
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