text: **Principle 2: Structure the Board to Add Value**
  
  **2.1 Board Composition and Independence**
  The composition and operation of the Board is determined in accordance with the following requirements: 
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  The constitution of Sundance specifies that there must be a minimum of three directors and a maximum of ten. The 
  Board may determine the size of the Board within those limits; 
  It is the intention of the Board that its membership consists of a majority of independent directors who satisfy the 
  criteria recommended by the ASX best practice corporate governance requirements, though it is recognized that this 
  intention may be impractical to implement given the size and scope of the Company’s business; 
  The Chairman of the Board should be an independent director who satisfies the criteria for independence 
  recommended by the ASX best practice corporate governance requirements; and 
  The Board should, collectively, have the appropriate level of personal qualities, skills, experience, and time 
  commitment to properly fulfil its responsibilities or have ready access to such skills where they are not available. 
  
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  Sundance’s Board of Directors currently consists of one Managing Director based in the US, three Non-Executive Directors based 
  in Australia, and one Non-Executive Director based in the US. All of the Directors are shareholders of the Company. At all times 
  during the fiscal year 2014, all four of the Non-Executive Directors were independent. Sundance considers an independent 
  director to be a non-executive director who is not a member of management and who is free of any business or other relationship 
  that could materially interfere with, or could reasonably be perceived to materially interfere with, the independent exercise of 
  their judgement. Sundance believes that its current Board composition is appropriate at this time in the Company’s evolution. 
  Sundance will continue to address the appropriate structure and composition of the Board over time. 