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## Diversity Policy (continued) 

<img src='content_image/182436.jpg'>

During the three months to 31 March 2013 no appointments were made which would alter the gender diversity within senior management. 

Whilst there are no female Directors on the AACo Board at the present time, the proportion of female employees to male employees within the AACo Group as at 31 March 2013 was 37% (31 December 2012: 36%) female and 63% (31 December 2012: 64%) male. There is strong female representation within the pastoral station workforce with 37% (31 December 2012: 31%) of employees at this level being female. 

The Charter for the Nomination Committee has also been reviewed and a specific diversity criteria was identified and included to ensure diversity is considered in the Board renewal process. 

The duties of the Staff and Remuneration Committee include: 

  Reviewing and making recommendations to the Board on the diversity policy to ensure it is in line with applicable legislation and governance principles; 

 In conjunction with the Nomination Committee ensuring the application of diversity policy to Board appointments and succession; 

 Making recommendations to the Board regarding the diversity policy and strategies to address Board diversity; 

 Monitoring the application of diversity policy to executive appointments and successions; 

 Review and report on the relative proportion of women and men in the AACo workforce; and 

 Reviewing remuneration by gender. 

The setting of objectives and reporting to be provided in the 2013 financial report will be consistent with ASX Principle 3. 

## Nomination Committee 

The Board has established a Nomination Committee, which is responsible for assessing the necessary and desirable competencies of Board members, reviewing Board succession plans and working with the Chairman in evaluating the Board’s performance. The Nomination Committee comprises non-executive Directors and the following Directors were committee members during the three months to 31 March 2013: 

Mr. D. McGauchie (Chair) Mr. A. Paliulis Mr. T. Keene Mr. S. Black Mr. D. Crombie Dr. Shehan Dissanayake Dato’ Ahmad Sabri (resigned 15 March 2013) 

For details of Directors attendance at meetings of the Nomination Committee, refer to the Directors’ Report. 

For additional details regarding the role and responsibilities of the Nomination Committee including its charter, please refer to our website. 

