text: A Director appointed to fill a casual vacancy or 
  as an addition to the existing Directors will hold 
  office until the next Annual General Meeting at 
  which he or she may be re-elected. 
  
  ensuring appropriate resources are available 
  to senior executives. 
  
  The Board has recognised the need for the 
  continual development of the Company’s 
  corporate governance policies and practices, 
  particularly in view of the Australian Securities 
  Exchange Corporate Governance Principles and 
  Recommendations with 2010 Amendments. 
  The Managing Director is not subject to retire- 
  ment by rotation and along with any Director 
  appointed as an additional or casual Director, is 
  not to be taken into account in determining the 
  number of Directors required to retire by rotation.  Responsibility for the day-to-day management 
  of the Company is delegated to the Managing 
  Director and the senior executives. 
  
  In carrying out its duties the Board meets 
  formally at least nine times per year. Additional 
  meetings are held to address specific issues or 
  are held as the need arises. Directors also partici- 
  pate in meetings of various Board committees. 
  In the financial year ending 30 June 2013, the 
  Board met eleven times and there were four 
  Committee meetings. 
  
  Director Independence 
  
  Roles and Responsibilities 
  of the Board 
  
  The Board considers that independence from 
  management and non-alignment with other 
  interests or relationships with the Company is 
  essential for impartial decision making and 
  effective governance. 
  The Board of Directors is accountable to share- 
  holders for the proper and prudent investment 
  and preservation of shareholder funds. 