The Board is committed to act in the best interests of the Group to ensure that Tatts Group Limited is properly managed and consistently improved.

The principal role of the Board is to:

• Protect and enhance the interests of shareholders;
• Influence and monitor strategy;
• Oversee the management of Tatts Group and evaluate the performance of the Managing Director/Chief Executive and other executives;
• Provide guardianship of the Group's corporate values;
• Monitor the integrity of financial reporting;
• Oversee risk management and legal compliance; and
• Oversee shareholder communications.

The Board currently comprises six Non-executive Directors and the Managing Director/Chief Executive. All Directors have entered into appointment agreements and deeds of indemnity, insurance and access. The minimum number of Tatts Group Directors is three and the maximum number is nine unless the Group's shareholders resolve to vary that number.

Directors are elected at Annual General Meetings of Tatts Group Limited. The Board has resolved that it will have seven members. The Managing Director/Chief Executive will not retire by rotation. Provided that Tatts Group Limited has three or more Directors, one third of the Directors (rounded down to the nearest whole number) will retire at each Annual General Meeting. In any case, no Director may retain office for more than three years or after the third Annual General Meeting following the Director's appointment, whichever is the longer period. In each case, the retiring Director may then seek re-election.

Additional Corporate Governance information related to the Tatts Group Limited
Board of Directors is located in our Corporate Governance area.