Appendix C: Structure of Board and Committees

Appendix B	Table of contents	Appendix D

As at 1 July 2007 the Board of the Company and the various Committees established under the Constitution and the Board Charter are comprised as follows:

Board

• Not less than 3 and not more than 8 members as determined from time to time by the Board.
• Including a Chairman and Secretary elected annually by Board.
• With rotation of election of Board members and maximum terms of Board members as may be provided for in the Constitution and at law.

Nominations and Remunerations Committee

• 1 x Committee Chairman (Independent Non executive Chairman of Board)
• 1 x Committee Member (Independent Non-executive Board Member)
• 1 x Committee Member (Independent Non-executive Board member) - if available
• CEO by invitation
• others (if any) by invitation (ad hoc) only.

Audit and Risk Management Committee

• 1 x Committee Chairman (Independent Non executive Board member, not Company Chairman, who has financial expertise)
• 1 x Committee Member (Company Chairman who is independent non executive and desirably who is financially literate)
• 1 x Committee Member (Independent Non-executive Board member who is desirably financially literate) - if available
• 1 x external auditor by invitation
• Others (if any) by invitation (ad hoc) only

Appendix B	Table of contents	Appendix D