## Structure of the Board (continued) 

For further biographical details, refer to pages 5 to 8 inclusive. 

For additional details regarding Board appointments, please refer to our website. 

## Performance 

The performance of the Board and key executives is reviewed regularly against both measurable and qualitative indicators. 

## Board Renewal and Succession Planning 

Board succession planning is an important part of the governance process. An extensive evaluation, review and succession planning process was undertaken by the Board in 2011 with the assistance of independent professional consultants. 

On 10 April 2013, Dr. Mohd Emir Mavani Abdullah was appointed a director. 

In 2012 the Board undertook a review of the AACo Board evaluation process. A copy of the Company’s Board Evaluation Process is available on the Company’s website. 

The Board ensures that new directors are inducted to the company appropriately, including visits to specific company operations and briefings by key executives. 

## Trading Policy 

Under the Company’s Share Trading Policy, a Director, executive or employee must not trade in any securities of the Company at any time when they are in possession of unpublished, price sensitive information in relation to those securities. 

Before commencing to trade, key management personnel must first notify and obtain the approval of the Company Secretary to do so and a Director must first obtain the approval of the Chairman. 

As required by the ASX Listing Rules, the Company notifies the ASX of any transactions completed by Directors in the securities of the Company. 

A copy of the Company’s Share Trading Policy is also available on the Company’s website. 

## Code of Conduct 

The Board has established a Code of Conduct with the objective of enhancing the Company’s reputation for fair and responsible dealing and to help to maintain the high standards of corporate and individual behavior throughout the Company. The Company’s Code of Conduct aims to protect the interests of shareholders, customers, employees and suppliers by promoting a culture of accountability and responsibility. 

A copy of the Company’s Code of Conduct is available on the Company’s website. 

## Diversity Policy 

AACo has a formal diversity policy, which was established in January 2012. The Company is committed to equal opportunity and diversity. Diversity of gender, sexual orientation, age, ethnicity, race, religion, culture and background, style, skills and experience all add to our capability to develop and maintain a high performing workforce with the ability to take advantage of the diverse challenges and opportunities we face in Australia and around the globe. 

Broad diversity is encouraged and valued. While the Company is committed to fostering diversity at all levels, culture and gender diversity have been and continue to be a priority for the Group. 

The table below outlines the diversity objectives established by the Board, the steps taken during the year to achieve these objectives, and the outcomes. 

