Board committees
The Board has two standing committees. The Audit and Risk Committee, and the Remuneration and Appointments Committee.
Audit Committee
Members: Graham Stuart (Chairman), Wendy Thorpe, Warren Lee, Steve Smith, Michael Stiassny and Marcus Nagel.
Terms of Reference of the Audit Committee
The Terms of Reference require that the Audit 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.
Risk Committee
Members: Warren Lee (Chairman), Wendy Thorpe, Graham Stuart, Steve Smith, Michael Stiassny and Marcus Nagel.
Terms of Reference of the Risk Committee
The Terms of Reference require that the 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.
Remuneration and Appointments Committee
Members: Michael Stiassny (Chairman), Warren Lee, Wendy Thorpe, Steve Smith, Graham Stuart and Marcus Nagel.
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.
See the Terms of Reference for the Remuneration and Appointments Committee.
