Compliance with the code

We complied with the Code throughout the financial year to 30 June 2010 with the exception of the following:

  • the chairperson is not independent;
  • a member of the audit committee is not independent;
  • a nomination committee has not been formed;
  • the remuneration committee does not comprise a majority of independent non-executive directors; and
  • the risk committee has no non-executive directors as members.