Yes. It can be expressed diplomatically or not diplomatically, I’m sure, but if push comes to shove, do I understand it that the board has the final say?The board has the clear final say. Yes. MR And perhaps to assist with this, Commissioner, can we bring up the current constitution of AustralianSuper, which is ASU.0013.0001.0001, which should be exhibit ISS-1.1 to the I think this will be the first statement of Mr Silk. If – we go to page .0014. We should go back a step first. If we go to page .0012. So this is providing, Commissioner, you’ll see, clause 8.1: The company must have an equal number of A class directors and B class directors. I assume, Mr Silk, that an A class director is an employer or sorry, an A class – – director is the union-appointed director?Yes, that’s right. And the B class director is the director appointed by Australian Industry?Correct. Which is the employer ?Yes. representative body?Yes. And then if we go over to clause 8.3, which is on page 0014 Commissioner, you – will see 8.3(1): The appointment and removal of A class directors and B class directors must be ratified by the board and will take effect from a date determined by the board. So that I think, in answer to the question I asked earlier, which is is it ?Yes, I will – adopt under the constitution ?Yes. it seems to be the constitution. Thank you. Did you want to ask anything further about that, Commissioner? THE COMMISSIONER: No, no. MR HODGE: Thank you. I want to move now, Mr Silk, to the second topic, which is The New Daily. And, Commissioner, to assist with dealing with this, can I just tender a statement of Paul Schroder. The doc ID is ASU.0018.0001.0372. I believe the solicitors for AustralianSuper have a signed final original signed copy of the – statement.
Yes. It can be expressed diplomatically or not diplomatically, I’m sure, but if push comes to shove, do I understand it that the board has the final say?The board has the clear final say. Yes. MR And perhaps to assist with this, Commissioner, can we bring up the current constitution of AustralianSuper, which is ASU.0013.0001.0001, which should be exhibit ISS-1.1 to the – I think this will be the first statement of Mr Silk. If we go to page .0014. We should go back a step first. If we go to page .0012. So this is providing, Commissioner, you’ll see, clause 8.1: The company must have an equal number of A class directors and B class directors. I assume, Mr Silk, that an A class director is an employer – or – sorry, an A class director is the union-appointed director?Yes, that’s right. And the B class director is the director appointed by Australian Industry?Correct. Which is the employer ?Yes. representative body?Yes. And then if we go over to clause 8.3, which is on page 0014 – Commissioner, you will see 8.3(1): The appointment and removal of A class directors and B class directors must be ratified by the board and will take effect from a date determined by the board. So that – I think, in answer to the question I asked earlier, which is is it ?Yes, I will adopt under the constitution ?Yes. it seems to be the constitution. Thank you. Did you want to ask anything further about that, Commissioner? THE COMMISSIONER: No, no. MR HODGE: Thank you. I want to move now, Mr Silk, to the second topic, which is The New Daily. And, Commissioner, to assist with dealing with this, can I just tender a statement of Paul Schroder. The doc ID is ASU.0018.0001.0372. I believe the solicitors for AustralianSuper have a signed – final original signed copy of the statement.