Our team

Our aim is to build a unified team which delivers valuable returns for our shareholder and provides challenging, satisfying and rewarding careers to our people.

The success of our business strategy and our long- term sustainability as a company depends largely on the people who work for AWE. Sustainability requires constant attention to our people, the human capital of the company who are responsible for delivering the results to shareholders. Central to this is the alignment of the board, management and all other team members to deliver shareholder value and achieve high performance.

The combination of good people with the appropriate leadership and the ongoing commitment to operational excellence generates outstanding financial results. AWE ensures that we attract, retain and reward staff who demonstrates capacity to deliver the required operational excellence. By investing in ongoing training and development of our employees, we are ensuring our workforce is capable of taking on new challenges and contributing to the business improvements.

Looking forward

In 2010, we look to ensure all employees are rewarded for both individual and company success, through implementation of our long-term incentive plan that rewards all employees for company success linked equally to the three key performance areas of Base Business Delivery, Growth and Sustainability.

We look to build a unified team with a cooperative and communicative culture committed to the ongoing delivery of company objectives. We have a vision of zero regretted professional resignations, with a target of less than 5%.

We also look to develop a training plan including a training needs analysis to identify skills gaps and support the high performance culture.

Governance

AWE is committed to being a good corporate citizen applying best practice corporate governance to create value.

AWE seeks to meet or exceed statutory obligations and relevant codes of conduct governing corporate and financial integrity, safety and environmental performance. Corporate Governance also enables stakeholders outside of the decision making process to place
more reliance and confidence in the business and its on-going viability including independence of directors and senior management, transparency of processes for risk management, audit and assurance. To achieve high standards of corporate governance, the Board has established policies including:

• Corporate Governance Statement
• Code of Conduct
• Charters of Board Sub-Committees
• Disclosure Policy
• Security Trading Policy
• Health, Safety and Environmental Policy
• Business Conduct Policies

These policies are available at www.awexplore.com

Looking forward

In 2010, we look to comply with all applicable regulation, laws and other obligation governing corporate and financial integrity, safety and environmental operations and performance.

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