Unformatted text preview: TORS AND OFFICERS
During the financial year, Wellcom Group Limited paid a premium of $36,707 (2010: $39,677) to insure the
directors and secretary of the Company and its Australian-based controlled entities, and the general managers of each
of the divisions of the Group.
The liabilities insured are legal costs that may be incurred in defending civil or criminal proceedings that may be
brought against the officers in their capacity as officers of entities in the Group, and any other payments arising from
liabilities incurred by the officers in connection with such proceedings. This does not include such liabilities that
arise from the conduct involving a wilful breach of duty by the officers or the improper use by the officers of their
position or of information to gain advantage for themselves or someone else or to cause detriment to the Company. It
is not possible to apportion the premium between amounts relating to the insurance against legal cost and those
relating to other liabilities.
The number of meetings of directors held during the year ended 30 June 2011 and the number of meetings attended
by each director during that period were as follows:
A.J. Brook * *
4 Resigned from the Company on 29 November 2010
Not a member of the relevant committee 14 10
4 Committee Meetings
^ Wellcom Gr...
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This document was uploaded on 02/06/2014.
- Spring '14