The Board of Directors

The name and biographical details of the current members of the Board of Directors are contained here.

Each Director has confirmed to the Company that he or she anticipates being available to perform his or her duties as a Non-Executive Director or Executive Director without constraint having regard to their other commitments.

The Board considers an independent Director to be a Non-Executive Director who is free of any interest, position, association or relationship that might influence, or reasonably be perceived to influence, his or her capacity to bring an independent judgement to bear on issues before the Board and to act in the best interests of the Company and its security holders generally.  The Board will consider the materiality of any given relationship on a case-by-case basis and has adopted guidelines to assist in this regard.  The Board reviews the independence of each Director in light of interests disclosed to the Board from time to time.  In assessing independence, the Board will have regard to the ASX Recommendations.

The Board Charter sets out guidelines of materiality for the purpose of determining independence of Directors in accordance with the ASX Recommendations and has adopted a definition of independence that is based on that set out in the ASX Recommendations.

Andrew Dutton, Leanne Rowe, Michael Stanford and Mark Haberlin are considered to be independent Directors.

Melinda McGrath is currently considered by the Board not to be independent on the basis that she is employed in an executive capacity by ACL.

Michael Alscher and Nathanial Thomson are currently considered by the Board not to be independent having regard to their roles with Crescent which is and will continue to be a significant shareholder post listing. The current structure and composition of the Board and its committees has been determined having regard to the nature and size of ACL’s operations, the skill set of ACL’s directors both individually and collectively, and the best interests of Shareholders.

Accordingly, the Board consists of a majority of independent Directors consistent with the ASX Recommendations.