Board diversity

The Company recognises the need for, and benefits of, diversity on its Board to provide the necessary range of background, experience, values and perspectives to optimise the decision-making process.

Gender is seen as one important aspect of diversity to which the Chairman and the Nomination Committee must pay due regard when deciding upon the most appropriate composition of the Board.

The Board has established a range of backgrounds, capabilities and experiences that are critical for the overall Board composition and this will form the key objective and basis for the search and assessment of candidates for future positions. Within this context, in the ongoing process of refreshing the Board, the Company will continue to encourage and welcome interest from women, as from other candidates who will add to the Board’s diversity. Against this overriding objective, the Company does not currently propose to set targets for the percentage of women or other aspects of diversity on its Board in future years.