on effective risk management
(including safety and plant
integrity); and
• operating under approved
budgets and written
delegations of authority.
2.2 Board Procedures
To assist in the effective
execution of its responsibilities,
the Board Guidelines include
procedures for providing
Directors with all relevant
information and familiarity with
the Company’s major centres of
operation. In addition, the Board
has established a number of
Board Committees including 
a Nomination Committee, a
Remuneration Committee, an
Audit Committee, a Finance
Committee and an Environmental
and Safety Committee to assist
with the effective discharge of
its duties. All Committees are
chaired by, and comprised only
CORPORATE GOVERNANCE
‘The Company continued its
focus on stakeholder delivery
throughout 2004, enhancing its
commitment to top quartile
corporate governance. ’ 
WESLEY GLANVILLE
Managing Counsel 
and Company Secretary
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