Regulatory and Compliance Committee
The committee is chaired by Mr WM Baker who is an independent Non-Executive Director. The committee also comprises another independent Non-Executive Director, Ms SAM Pitkin, an independent external member, Mr H Keating, and the Global Compliance Manager as a member of executive management. The committee is scheduled to meet four times per year. The number of actual committee meetings and attendance at meetings by its members is contained in the Directors' Report.
The committee responsibilities include:
• assisting the Board and executive management in obtaining information necessary to make decisions in the area of hiring key personnel and entering into or continuing business associations;
• the review of existing and proposed business undertakings for regulatory compliance;
• conducting investigations as appropriate and making recommendations to the Board; and
• monitoring and ensuring licensing conditions and regulatory requirements are met.