Our Board and management must ensure they are doing the right...

Our Board and management must ensure they are doing the right things and that they're being done right:

• there is a sustainable strategy which minimises business risk and maximises enduring value and benefit to Shareholders;
• the strategy, including risks and benefits is clearly communicated to Shareholders and the market;
• there is an appropriate level of accountability and transparency across Board, the executive and management; and
• remuneration is commensurate with business and individual performance, and considers other factors such as current market conditions (e.g. have any of our Board or executives temporarily reduced their remuneration in recognition of the business' financial position where upset market conditions relating to COVID has been identified as a key contributing factor? A significant number of businesses globally have implemented this temporary measure).

My observation would be that the Board and management have some work to do in these areas, and the SP outcomes (near term and trend) are reflective of this.