Board committees

The Board has two standing Committees. The Audit and Risk Committee, and the Remuneration and Appointments Committee. 

Audit and Risk Committee

Members:

Graham Stuart (Chairman), Warren Lee, Steve Smith, David Hancock and Michael Stiassny.

Terms of Reference of the Audit and Risk Committee  

The Terms of Reference  require that the Audit and Risk Committee has a minimum of three non-executive directors, the majority of whom are independent. At least one must have a financial or accounting background. The Board appoints the Chair of the Committee, who cannot also be Chair of the Board, and who is an independent director. 

Following each meeting the Chair of the Committee provides a report to the Board. The Chair is also required to provide an annual report summarising the Committee's activities, findings, recommendations and results for the past year.

The Committee meets with the external auditors at least twice per year and has regular contact with the internal audit function. 

See the Terms of Reference for the Audit and Risk Committee.

Remuneration and Appointments Committee

Members:
Michael Stiassny (Chairman), Warren LeeSteve Smith and Graham Stuart.

The written Terms of Reference for the Remuneration and Appointments Committee require that the Committee comprises suitably qualified non-executive directors, the majority of whom are independent. The Board appoints the Chair of the Committee, who will be an independent, non-executive director. 

Following each meeting the Chair of the Committee provides a report to the Board. The Chair is also required to provide an annual report summarising Committee activities, findings, recommendations and results for the past year.