The Board of Directors
The formation of the company on 5 December 2001 saw the establishment of an interim board of directors. The interim board served the company up to 30 October 2002 when a permanent board of directors was established.
The board operates in accordance with the Corporations Act 2001 (Cth), the Native Title Act 1993 (Cth) and the company’s constitution. The board is enabled to ensure that the company’s business is carried out under its direction.
The board operates in two distinct areas and is served by member-directors and non-member directors. Both groups of directors are non-executive and their functions are:
a) Member Directors:
Following changes to the company’s constitution in 2007, all members are member-directors. Members are appointed every two years at the company’s annual general meeting. Member-directors have the full rights and privileges of a company director. There are no more than ten and no less than four member-directors at any one time.
b) Non-Member Directors:
Non-member directors of the company are appointed by the board of directors as non-members of the company. The purpose of non-member directors is to provide professional expertise and technical advice to assist the board in their decision making. There are no more than three (3) non-member directors at any time. Non-member directors enjoy the rights and privileges of a director except for voting rights.
The board currently comprises nine member-directors and three non-member-directors.
Fig 1. The diagram below shows the operational structure of the board.
