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Unformatted text preview: of materiality requires consideration of both quantitative and qualitative elements.
An item is presumed to be quantitatively immaterial if it is equal to or less than 5% of the appropriate base amount. 3 Wellcom Group Limited
Corporate Governance Statement
It is presumed to be material if it is equal to or greater than 10% of the appropriate base amount (unless there is
qualitative evidence to the contrary). Qualitative factors considered include the importance of a strategic
relationship, competitive landscape, nature of the relationship and the contractual or other arrangements governing it
and other factors that indicate the ability of the director in question to shape the direction of the Group’s loyalty. For personal use only In accordance with the definition of independence above and the materiality thresholds set, the following directors of
the Company are considered to be independent:
Name: Position: K.B. Smith
C.A. Anzarut Non-executive Director
Non-executive Director Board members
The skills, experience, expertise, qualifications, term of office and independence status of each director...
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- Spring '14