REPORTING The Committee must report to the Board formally at the next Board meeting following from the last Committee meeting on matters relevant to the Committee’s role and responsibilities. The Committee must the Board promptly on all urgent and significant matters. The Company must disclose the policies and practices regarding the nomination of non-executive directors, executive directors and other senior executives in, or in conjunction with, the annual report and as otherwise required by law. SCHEDULE 6 PERFORMANCE EVALUATION – The Nomination Committee will arrange a performance evaluation of the Board, its Committees, individual Directors and senior executives on an annual basis as appropriate. To assist in this process an independent advisor may be used. The Nomination Committee will conduct an annual review of the role of the Board, assess the performance of the Board over the previous 12 months and examine ways of assisting the Board in performing its duties more effectively. The review will include: comparing the performance of the Board with the requirements of its Charter; examination of the Board’s interaction with management; the nature of information provided to the Board by management; and management’s performance in assisting the to meet its objectives. A similar review may be conducted for each Committee by the Board with the aim of assessing the performance of each Committee and identifying areas where improvements can be made. The Remuneration Committee will oversee the evaluation of the remuneration of the Company’s senior executives. This evaluation must be on specific criteria, including the business performance of the Company and its subsidiaries, whether strategic objectives are being achieved and the development of management and personnel. The Company must disclose, in relation to each financial year, whether or not the relevant annual performance evaluations have been conducted in accordance with the above processes. SCHEDULE 7 CONTINUOUS DISCLOSURE POLICY – The Company must comply with continuous disclosure requirements arising from legislation and the ASX Listing Rules. The general rule, in accordance with ASX Listing Rule 3.1, is that once the Company becomes aware of any information concerning it that a reasonable person would
REPORTING The Committee must report to the Board formally at the next Board meeting following from the last Committee meeting on matters relevant to the Committee’s role and responsibilities. The Committee must the Board promptly on all urgent and significant matters. The Company must disclose the policies and practices regarding the nomination of non-executive directors, executive directors and other senior executives in, or in conjunction with, the annual report and as otherwise required by law. SCHEDULE 6 – PERFORMANCE EVALUATION The Nomination Committee will arrange a performance evaluation of the Board, its Committees, individual Directors and senior executives on an annual basis as appropriate. To assist in this process an independent advisor may be used. The Nomination Committee will conduct an annual review of the role of the Board, assess the performance of the Board over the previous 12 months and examine ways of assisting the Board in performing its duties more effectively. The review will include: comparing the performance of the Board with the requirements of its Charter; examination of the Board’s interaction with management; the nature of information provided to the Board by management; and management’s performance in assisting the to meet its objectives. A similar review may be conducted for each Committee by the Board with the aim of assessing the performance of each Committee and identifying areas where improvements can be made. The Remuneration Committee will oversee the evaluation of the remuneration of the Company’s senior executives. This evaluation must be on specific criteria, including the business performance of the Company and its subsidiaries, whether strategic objectives are being achieved and the development of management and personnel. The Company must disclose, in relation to each financial year, whether or not the relevant annual performance evaluations have been conducted in accordance with the above processes. SCHEDULE 7 – CONTINUOUS DISCLOSURE POLICY The Company must comply with continuous disclosure requirements arising from legislation and the ASX Listing Rules. The general rule, in accordance with ASX Listing Rule 3.1, is that once the Company becomes aware of any information concerning it that a reasonable person would
1794709_1_Corporate-Governance-Plan-NSB.docx