The Qantas board, as noted in its results last financial year, failed to deliver on its promises and the market was particularly focused on this. In the board committees responsible for audit and safety, health, environment and security, the company's results indicate that the board is not fulfilling its duties aimed at ensuring that enterprise-wide risks and compliance with the framework are met. There is also the question of whether the board, in line with ASX Recommendation 1.1 (2014), provides the right direction and sets the company's strategy, while monitoring execution and providing appropriate approvals of operating budgets and major capital expenditures in the interest of the shareholder taking into account the significant losses that the company has suffered