Corporate
The registered office is located in the CBD of Melbourne, with its main service headquarters in the south-eastern suburb of Noble Park North.
RACV is an unlisted public company limited by guarantee headed by a board of directors. The Board comprises 15 independent non-executive directors and 1 managing director and CEO. The non-executive directors are elected to three year terms by two different classes of members: Ordinary ('Club') members (who total 29,800 but only 25,202 have voting rights) who can vote for all 15 of the non-executive directors, and roadside service members who have purchased emergency roadside assistance and number approximately 1.462 million but can only vote for 6 specific non-executive directors and consequently have less representation at board level. A third large group of non-voting 'relationship' members was created in 2006 when customers with renewable products such as insurance, home security and personal loans were offered 'membership'.
Read more about this topic: Royal Automobile Club Of Victoria
Famous quotes containing the word corporate:
“The generation of women before us who rushed to fill the corporate ranks altered our expectations of what working motherhood could be, tempered our ambition, and exploded the supermom myth many of us held dear.”
—Melinda M. Marshall (20th century)
“Power, in Case’s world, meant corporate power. The zaibatsus, the multinationals ..., had ... attained a kind of immortality. You couldn’t kill a zaibatsu by assassinating a dozen key executives; there were others waiting to step up the ladder; assume the vacated position, access the vast banks of corporate memory.”
—William Gibson (b. 1948)
““It’s hard enough to adjust [to the lack of control] in the beginning,” says a corporate vice president and single mother. “But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.””
—Anne C. Weisberg (20th century)