The board regularly assesses the independence of each

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Unformatted text preview: he director’s ability to act in the best interests of the Company. The board regularly assesses the independence of each director in light of the interests disclosed by them, and each director provides the board with all relevant information for this purpose. The board considers that the concepts of “independence” and “conflicts” should be distinguished for the purposes of assessing the independence of a director. Each member of the board is required to disclose any material contract or other relationship or personal interest in any matter that has a bearing to any degree on the business affairs or operations of the Group in accordance with the Corporations Act. In respect of any matters disclosed by a director which is an item of business for consideration by the board, that director must not be present while the matter is being considered or vote on that matter. In the context of director independence, ‘materiality’ is considered from both the Group and individual director perspective. The determination...
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