The Board comprises individuals with wide business experience gained in various industry sectors related to the Group’s current business. It is the intention of the Board to ensure that the balance of the Directors reflects the changing needs of the business. The Board considers that it is of a size and has the balance of skills, knowledge, experience and independence that is appropriate for the Group’s current business. The Non-executive Directors continue to contribute their considerable collective experience and wide-ranging skills to the Board and provide a valuable independent perspective, where necessary constructively challenging proposals, policy and practices of Executive Management. In addition, they help formulate the Group’s strategy.
Composition and diversity
Our Board diversity policy codifies our commitment to make diversity a key factor as we review recruitment and succession at the Board.
*Data as of 31 December 2023
Evaluation
The Board is committed to an ongoing formal and rigorous evaluation process of itself and its Committees to assess their performance and identify areas in which their effectiveness, policies and processes might be enhanced.
A full independent external review, commenced in late 2021 and continued into 2022 facilitated by Independent Audit Limited. The Board members have discussed the findings and continue to adopt and implement plans to further develop the effectiveness of the Board during 2023.
An internal evaluation of the Board is carried out annually, overseen by the Company Secretary.
The Chairman, Brian Mattingley, in discussion with the Senior Non-executive Director, Ian Penrose, undertakes a review of the performance of individual Directors. Ian Penrose, as Senior Non-executive Director, considered the performance of Brian Mattingley, taking into account the views of the Executive Directors.