Other Committees

The Board operates on the principle that all significant matters are dealt with by the full Board. To assist in its deliberations, the Board has established a number of committees which, apart from routine matters, act primarily in a review or advisory capacity. The delegate of such responsibilities to those committees will only occur provided that sufficient systems are in place to ensure that the Board is meeting its responsibilities.

Purpose
The Administration Committee attends to routine administrative matters and matters that may require use of the Company's common seal. 

The Securities Committee attends to routine matters relating to the allotment of securities.

Composition
The Administration Committee and the Securities Committee meet as required and have a quorum of any two of the Directors, or any one of the Directors and the Chief Financial Officer, and they are normally constituted by the Executive Directors.