PACIFIC RESOURCES LIMITED — Governance Information 2016

Sep 18, 2016

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Name of entity

COALBANK LIMITED

20 075 877 075 30 June 2016

ABN/ARBN Financial year ended

Our corporate governance statement2 for the above period above can be found at:3

these pages of our annual report: _____________________________________________

☒ this URL on our website: http://www.coalbank.com/w2/?page\_id=637

The Corporate Governance Statement is accurate and up to date as at 19 September 2016 and has been approved by the board.

The annexure includes a key to where our corporate governance disclosures can be located.

Date here: 19 September 2016

Sign here: _______________________________

Company secretary

Print name: Leni Pia Stanley

1 Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX.

Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.

Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3.

2 "Corporate governance statement" is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.

3 Mark whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where the entity's corporate governance statement can be found.

ANNEXURE – KEY TOCORPORATE GOVERNANCE DISCLOSURES

l rdaCoGoCoiionattrporevernanceuncecommen		hafollowd thedafullfoheWionintr teveerecommenholef thed abohadlod …ioWiscoperveevesew	hafollowd thedafullWNOTioninteveerecommenfoheholef thed abohadlodioWisctroperveevesew…
PRIN	CASODODAOSOAAGIPLELYLIFUNTINFRMNE1–	ADOSGMENTNVERIHT
1.1	ld eholddlosAistityiscntesue:(a)helesdblfiveiiitiesitstectresproanresponsobodd mdt; aarananagemenn(b)holyd thebod adttteo tsemarsexpressreservearnhodelegd ttatet.seo managemen	hefachafollowhdaisiontt tt wtterecommen:…☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertonedforbohelesdinionivetuttectanmaaresproan…blf obod ad m(ludiiitiesincingtresponsourarnanagemenholyd thebod ad thotatto tsemersexpressreservearnse):delegd tateto managemenhlocisionattat:locherInsatiertone	lanionhyhaisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp
1.2	ld ehold:Aistityntesu(a) udekeiatheksbeforintingrtanappropre cce appoafordholdeingityutttoperson, or pwarsecurrsaddaforlecddiioniretetctocane, as ar; an(b) pdeholdeh all mliityitiaaterovsecurrsrwinforioninitsionlevtt tmapossessreano adeheheleclecisiontottot ot acon wr or ner re‐edirector.	hefachafollowhdaisiontt tt wtterecommen:…☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp
1.3	ld eholdhahAistityittitntntesuvea wrenagreemewhdired sioriveinghectotsettt teacr anenexecuouf their aintterntmsoppome	hefachafollowhdaisiontt tt wtterecommen:…☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp

Corp	l rdaGoCoiionattorrnanunommenevececec	hafollowd thedafullfoheWionintr tremmeneveecoholef theiod abohadisclod …Wwoperveevese	hafollowd thedafullWNOTionintremmeneveecofoheholef theiod abohadisclodWtrwoperveevese…
1.41.5	hef ald eholdbeTistityretntcompanysecaryoesubledlyhebod,hrh thehaireir,tacttottaccounarougcll mdoh thefunfitioningatttoctonaerswproperohebod.tarld ehold:Aistityntesu(a)hadlhhludeiveityicyicincvearsposw	hefachafollowhdaisiontt tt wtterecommen:…☒inCoGoStaORtetemtourrporavernanceenhislocionattat:_locherInsatiertonehefachahadlhaliveityicyiestt tt wtt cevearspoomp…(a):hhitwparagrap	lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd eityd thisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp☒lanhyhaionisinCoatttteanexpsoourrporaw
	forhebodlevirentttrequmesarorareanfhebodbleittttosetcommeeoarmeasurabforhdeddjiveievingiveityecttoosacgenrrsanllybohhebdhejivettecttassessannuaosan's phheityinievingttenrogressacm;(b)dloshalfdiscicyit;e tt poora summaryoan(c)dloshed of eh rd theiscingiot torte as aenacepperblebforhdejiveievingectmeasuraosacgenrdbyhebod oleviveityittsettt crsarr areanommeefheboddahhe'sinititytttoaraccornceenwdlddshiveityicyitsievings trspoanprogresowarached eheittmanr:(1)hef md wiveiontectortrespprops oenanomenhebod,inioriveitionttonarsenexecuposs(dheholeludisaionincings ttanacrosworganhohehadefd"se"ityineiorivetttensnexecuw); oforhetsepurposesr(2)f the"relevloy" udeheiityistt er tenaanmpernkplacdelhe'sWGeEqityAcityt,ttorenruaen"Gdeld",EqityInicastttormorecenenruasasdefinedind pblished udehaAcr ttt.anun	☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:Inslocatiherertoned af odlfiveityicyit:ancopyourrspoora summaryo…☒hlocisionattat:httlbak.cd=//w/w/?pi63p:ww.coanom2age7heblebforhdedjiveievingiveitytectmeasuraosacgenrrs…byhebod olevf thebodittinsettt carr areanommeeoardahdld oitiveityicyaccornceourrspoanurprogresswdshheievingtowtaracm:inCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertoned theforferd ths(c)(1) oinionintanmarereoparagrapr…(2):CoGoStaOinRtetemtourrporavernanceenhlocisionattat:Inslocatiherertone	GoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp

CoGoCoil rdaionattrporevernanceuncecommen		Whafollowd thedaioninfullfohetr teveerecommenholef thed abohadlod …ioWiscwoperveevese	WhaOfollowd thedaioninfullNTteveerecommenfoheholef thed abohadlodioWisctrwoperveevese…
61.	ld ehold:Aistityntesu(a)haddlosfordllyiscioicaveaneaprocessperluaheforfhebod,ingitstttevapermanceoardddulddittiniviirectocommeeasnars;an()bdloslathd,iscinioningiotoorte,reeacrepperheheforluaionttrapermanceevawaswdekeinheingiodindartatortunnrepperaccorncehhaittt pwrocess.	heluaferd th(a):ioninttevaprocessrereoparagrap…inCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertone():d theforferd thbinionintanmarereoparagrap…inCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertone	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp
1.7	ld ehold:Aistityntesu(a)haddlosfordllyiscioicaveaneaprocessperluaheforfingitsiorttevapermanceosendivetexecus; an()bdisclosinlationhingiod,toorte,reeacrepperheheforluaionttwrapermanceevawasdekeheddainingioinrtatortunnrepperaccorncehhaittt pwrocess.	heluaferd th(a):ioninttevaprocessrereoparagrap…inCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertone():d theforferd thbinionintanmarereoparagrap…inCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertone	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd eityd thisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp

Corp	GoCoil rdaionattorevernanceuncecommen	hafollowd thedaioninfullfoheWtr teveerecommenholef thed abohadlod …ioWiscwoperveevese	haOfollowd thedaioninfullWNTteveerecommenfoheholef thed abohadlodioWisctrwoperveevese…
PRIN	CIPLESTRUCTURETHEBOARDTOADDVALUE2‐
2.1	hebod of ald ehold:Tistityntaresu(a)hahh:inaionittictvea nomcommeew(1)haleahrbefjityatsttseememrs,amaorohodededdinirentctomarepenrs;anw(2)hadbydededisireinirentctocanpenr,ddlosiscane:(3)hehaf theitttrtecr ocommee;(4)hebef theditttmemrsocommee; an(5) ahedf ehd,heingioattorttsenoacrepperbefheimitttttnumroescommeemehrhoheddheddulioinivitutttougperanadafhebehoatttattenncesomemrsseingORetmes;()bfdohaiitinaionittttesnovea nomcommee,dloshafacdheloyiscit ettt ats tenprocessesmpoddrbodd tionissaessarsuccessues ano ensurehahebodhahebalanfiatttts tarappropreceoklls,knledgdedediieninsowe,expercepennce an,dbledhadudiveityit tiscitsiestotrsenaorgeanblffecly.iiitiesivetresponse	[f thelh ph(a):]Iityiesittencomparagrapwhefachahainaionitthatt tt wtttevea nomcommee…(1) a(2):lh phsdiesitcompwaragrapnCoGoStaOinRtetemtourrporavernanceenhlocisionattat:Inslocatiherertoned af thehaf theittrteancopyocr ocommee:…hlocisionattat:locherInsatiertone(4) ad theforferd thsdinionintanmarereoparagrapn…(5):inCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertone():[f thelh phb]Iityiesittencompwaragraphefachadohainaionitttt tt wttenovea nomcommee…dheloyddrbod sionttoanprocessesweempaessaruccessdhahebodhaheissiatte tt ts tueasno ensurarapproprebalanf sklls,knledgdedeiieninceoowe,expercepennce,ddbledhadudiveityit tiscitsiestotanrsenaorgeanibilitiesffecivelytresponse:☒CoGoStaOinRtetemtourrporavernanceenhlocisionattat:locherInsatiertone	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd eityd thisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp

CoGoCoil rdaionattrporevernanceuncecommen		hafollowd thedaioninfullfoheWtr teveerecommenholef thed abohadlod …ioWiscwoperveevese	haOfollowd thedaioninfullWNTteveerecommenfoheholef thed abohadlodioWisctrwoperveevese…
2.2	ld eholdhaddlosbod skllsAistityiscintesuveane aarhef sklls addhaixingixiiveitytrettt tttmasoumonrshebodlyhalookhisingievinitstttoarcurrens oracebehip.memrs	bod skllsiix:trourarma…inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp
2.3	ld eholddlosAistityiscntesue:(a)hef thedireidedbyhetctotnamesorsconsrebodbededediniretntctoaropenrs;()bf adhaiireintitioniationctost,rs anerepos, assoclathf thedebedionipiinBotyorresopescrx 2.3buhebodisf theinionhaitdotttttaroopesnohededef thediseiniretctocomprompennceor,hef theintitioniationtatust,nreoerepos, assocorlathdlanfionipinionionstatresqueananexpohyhebodf thadisiniontt owarop; an(c)helenh of sf ehdiceirettctogervoacr.	hef theddedbyhebod tbeireitctotnames orsconsrearo…dededinirentctopenrs:☒inCoGoStaORtetemtourrporavernanceenhislocionattat:locherInsatiertonehelicable,heinforionferd tinttwreappmarereo…():hbparagrapCoGoStaOinRtetemtourrporavernanceenhlocisionattat:locatiherInsertonehelenh of sf ehdiceirettctogervoacr:…☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_Inslocatiherertone	lanhyhaionisinCoatttteanexpwsoourrporaGoStatemtvernanceen
2.4	f thebod of ald eholdbeAjityistityntmaoroaresudededinirentctopenrs.	hefachafollowhdaisiontt tt wtterecommen:…☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanionhyhaisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp

Corp	l rdaGoCoiionattorevernanceuncecommen	hafollowd thedafullfoheWionintr teveerecommenholef thed abohadlod …ioWiscwoperveevese	hafollowd thedafullWNOTioninteveerecommenfoheholef thed abohadlodioWisctrwoperveevese…
2.5	hehaf thebod of ald eholdbeTir oistityntcaresuanindededired,inicularhold nntctoartotpenr anp, subehehef theCEOitytttsame personasoen	hefachafollowhdaisiontt tt wtterecommen:…inCoGoStaORtetemtourrporavernanceenhislocionattat:_locherInsatiertone	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp
62.	Aldholdhaforduistityiningtcteensuvea programdddefeslireiiationctonewrsanprovappropreprosadelopforddelopitiesirentortctotovemeoppunrsvedhekllsdknledgdedintinittoanmaasanoweneeforheledffecly.ir rireivetctotpermoasrse	hefachafollowhdaisiontt tt wtterecommen:…inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaionis theforlicabletotrecommenree napp
PRIN	CIPLEACTETHICALLYANDRESPONSIBLY3–
3.1	ld ehold:Aistityntesu(a)hadef cduforditsireiorctctoveacooonrs,sendloydivetexecuasnempees; an()bdloshadefiscit.e tt coora summaryo	def cdufit:ctour cooonora summaryo…☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanhyhaionisinCoatttteanexpsoourrporawGoStatemtvernanceen
PRIN	CIPLESAFEGUARDINTEGRITYINCORPORATE4–	REPORTING
4.1	hebod of ald ehold:Tistityntaresu(a)hadhh:it citticveanauommeew(1)haleahrbell of whotstts aeememrs,amareddfiveirejitytctonon‐execursanamaorohoindedediredntctowmarepenrs;an(2)hadbydededhoisireinireisntctocanpenr,whehaf thebod,ir ottnocarddisclosane:(3)hehaf theitttrtecr ocommee;(4)helevlfdfiicaionientt qtreanuas anexperceohebef theittdtmemrsocommee; an(5)lathd,heinioningiotoorttreeacrepperbefheimitttttnumroescommeeme	(a):[f thelh ph]Iityiesittencompwaragraphefachahadhalit cittiestt tt wtt ceveanauommeeomp…(1) a(2):hhsditwparagrapninCoGoStaORtetemtourrporavernanceenhlocisionattat:locatiherInsertoned af thehaf theittrteancopyocr ocommee:…hlocisionattat:locherInsatiertone	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStatemtvernanceen

l rdaCoGoCoiionattrporevernanceuncecommen		hafollowd thedafullfoheWionintr teveerecommenholef thed abohadlod …ioWiscoperveevesew	hafollowd thedafullWNOTioninteveerecommenfoheholef thed abohadlodioWisctroperveevesew…
	hrhoheddheddulioinivitutttougperanadafhebehoatttattenncesomemrsseingORetmes;()bfdohaddlosiititittisctesnoveanaucommeee,hafacdheloyhaitttttttanprocessesempsdedelyfydfegdheiniintitynttpenveransauaregrfludheitsingincingteorttocorporarepprocesses,forheintdl of theltntextappomeanremovaernaddhef theditoionittrotattauarnoauengagemenartpner.	(4) ad theinforionferd tinhsdtanmarereoparagrapn…(5):CoGoStaOinRtetemtourrporavernanceenhlocisionattat:locherInsatiertone[f thelh ph(b):]Iityiesittencompwaragraphefachadohadd theit citttt tt wtenoveanauommeean…loyhadedelyfydinittntprocesses we emppenveranfegd thef ointityingteortsauaregrourcorporarep,ludheforhed rlincingintttntprocessesappomeanemovafhel aditodheionf thedittxtetrotatoernaur anoaut partengagemenner:☒inCoGoStaORtetemtourrporavernanceenhislocionattat:locherInsatiertone
4.2	hebod of ald ehold,beforTistityit antaresuepproveshe'sfl sforfl pd,ityinaiainaiaiotnttattsencemenancerfroddelarhaiveitsCEOCFOioninattt,recemanachehefl rdsf thehairinioninaiaitytttopncecoroenve,belyd ad thaheflintineinaiat tenpropermaannclyh theitiatingstatemtstencompwappropre accoundadsddfaf theiveir viewstaa tnrangrue anofld pforf thedinaiaitionitytncposanermance oenanhahehabeford ohebaf ainionistttn topsenmesodf rk mdlisintstet asounsmoanagemennernaylhhffecly.icisingiventrttcoowoperae	hefachafollowhdaisiontt tt wtterecommen:…☒CoGoStaOinRtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanhyhaionisinCoatttteanexpwsoourrporaGoStatemtvernanceen

Corp	l rdaGoCoiionattorevernanceuncecommen	hafollowd thedafullfoheWionintr teveerecommenholef thed abohadlod …ioWiscwoperveevese	hafollowd thedafullWNOTioninteveerecommenfoheholef thed abohadlodioWisctrwoperveevese…
4.3	Ald ehahaAGhold ehaistityMitsnttte ttes ansunsurlddsdlableitoitsAGMis aiextttetoernaauarnanvafroholdelevionitystt tanswerquesmsecurrsreanohedit.tau	hefachafollowhdaisiontt tt wtterecommen:…☒OinCoGoStaRtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ehadoityextnttttweareanernamanageesnoholdl gl md thingiseetaannnuaeneraandaheforlbleionis ticatotrecommenree napp
PRIN	CIPLEMAKETIMELYANDBALANCEDDISCLOSU5–	RE
5.1	ld ehold:Aistityntesu(a)halforlyhitticyingititsveawrenpocompwdlosbldeheinuiscigionntattcoousureosunristinglesdLRu; an(b)dloshalfiscicyit.e tt poora summaryo	dlosllinuiscianicytour conousure compcepoora…fit:summaryo☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_	lanhyhaionisinCoatttteanexpsoourrporawGoStatemtvernanceen
		locherInsatiertone
PRIN	CSCGSOSCOIPLE6 –REPETTHERIHTFEURITYHL	SDER
6.1	Alistd eityhold pideinforionbonttutesurovmaalfdbsitsitsinviaitsitetoesteangovernanceorsvwe	inforionbod otutmaausanurgovernanceonour…bsitewe:☒hlocisionattat:httlbak.cd=//w/w/?pi63p:ww.coanom2age_7	lanhyhaionisinCoatttteanexpwsoourrporaGoStatemtvernanceen
6.2	ld eholddedlemAistityigimntt aesusn anpennlatfaclffecinvioniitaiveesttotettworrepsrogrameo‐icaionithinvtestwaycommunwors	hefachafollowhdaisiontt tt wtterecommen:…☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanhyhaionisinCoatttteanexpwsoourrporaGoStatemtvernanceen
6.3	ld eholddlosheldAistityisciciesnte tesupoanithainlacfacilitad ee tteprocessesspoanncouragef sholdeicipioningityartatatetpmes oecurrs.	ld pforfacldiciesiitaingtour poanrocessesan…ingicipioningf sityholdeartatatetencouragpmes oecurrs:☒OinCoGoStaRtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanhyhaionisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ehadoityextnttttweareanernamanageesnoholddf sholded thioicingityisetpermes oecurrsandaheforlbleionis ticatotrecommenree napp

Corp	l rdaGoCoiionattorevernanceuncecommen	hafollowd thedafullfoheWionintr teveerecommenholef theiod abohadisclod …Wwoperveevese	hafollowd thedafullWNOTioninteveerecommenfoheholef theiod abohadisclodWtrwoperveevese…
6.4	ld ehold gholdeheAistityiveityionntttesusecurrsopfrod sdiveicaiontotrececommunsm,anenhedicaionityitsityttttcommunso,enansecurleclly.isticatroregryen	hefachafollowhdaisiontt tt wtterecommen:…☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_Inslocatiherertone	lanhyhaionisinCoatttteanexpsoourrporawGoStatemtvernanceen
PRIN	CIPLERECOGNISEANDMANAGERISK7–
17.	hebod of ald ehold:Tistityntaresu(a)hak,ittittiss tvea commeeorcommeeooverseerhf whh:iceaco(1)haleahrbefjityatsttseememrs,amaorohoindedediredntctowmarepenrs;an(2)hadbydededisireinirentctocanpenr,ddlosiscane:(3)hehaf theitttrtecr ocommee;(4)hebef theditttmemrsocommee; an(5) ahedf ehd,heingioattorttsenoacrepperbefheimitttttnumroescommeemehrhoheioddheindividultutttougperanadafhebehoatttattenncesomemrsseingORetmes;(b)fdohak ciitisittitttesnovea rommeeorcommees(a) ahaisfybodiscloshafacdhettate ttt atsven,loyforhe'sitingityttprocessesempsoverseeenkfrak.istrmanagemenmewor	[f thelh ph(a):]Iityiesittencomparagrapwhefachahaittitttt tt ws tevea commeeorcommeeo…(1) a(2):khalyh phsdisittt coverseerompwaragrapnCoGoStaOinRtetemtourrporavernanceenhlocisionattat:locatiherInsertoned af thehaf theittrteancopyocr ocommee:…hlocisionattat:locherInsatiertoned theforferd ths(4) adinionintanmarereoparagrapn…(5):inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone[f thelh ph(b):]Iityiesittencomparagrapwhefachadohaisk citttt tt wtenovea rommeeor…(a) ahafyd theloyittistt satcommeesnprocesses we empfork mfrak:ingistoverseeour ranagemenmewor	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStatemtvernanceen
		☒inCoGoStaORtetemtourrporavernanceen

l rdaCoGoCoiionattrporrnanunommenevececec		hafollowd thedafullfoheWionintr tremmeneveecoholef theiod abohadisclod …Wwoperveevese	hafollowd thedafullWNOTionintremmeneveecofoheholef theiod abohadisclodWtrwoperveevese…
		hlocisionattat:_locherInsatiertone
7.2	hebod of thebod shold:Tittarr acommeeoaru(a) rhe's rk mfrak aiewityisttttevenanagemenmeworleallyfylf thaisitsit cinusttosattttoannuaeonesbed;dsounan(b)dloslath rd,iscinioningiotoorte,reeacepperhehehhakelaciewts twsrucarevan pe.	hefachafollowhdaisiontt tt wtterecommen:…inCoGoStaORtetemtourrporavernanceenhlocisionattat:_Inslocatiherertone	☒lanhyhaCoionisinatttteanexpwsoourrporaGoStatemtvernanceen
7.3	Alistd eityholddisclosntesue:(a)fhaldfunhoheiitintitioncttsanernaauw,fundd whaleforionisitctstrtut rucreanoperms;OR()bfdohal adfunhaiitintitiontctttesnoveanernau,facdheloyforluaitingtttanprocessesempsevadllyheffecfinuimingiveitstttanconaprovenessokdl cl pisintt atrormanagemennernaonrocesses.	[(a):]f theityliesith phItencompwaragraphol adfund ad whaintitionisctstrtutwourernauucren…leforit proerms:inCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertone[():]f thelh phbIityiesittencompwaragraphefachadohal adfunintitiontt tt wtctenoveanernau…dheloyforluadingttanprocessesweempevaanllyheffecf okinuimingiveisntttcoaprovenessourrdl cl pintt atromanagemennernaonrocesses:☒CoGoStaOinRtetemtourrporavernanceenhlocisionattat:locherInsatiertone	☒lanhyhaionisinCoatttteanexpwsoourrporaGoStatemtvernanceen

Corp	GoCoil rdaionattorevernanceuncecommen	hafollowd thedaioninfullfoheWtr teveerecommenholef thed abohadlod …ioWiscwoperveevese	haOfollowd thedaioninfullWNTteveerecommenfoheholef thed abohadlodioWisctrwoperveevese…
47.	ld eholddloshehehaAistityiscitnttesue wrs anyll adiaic,irotertotamaexposureeconomenvnmennlblksd,fdohoiainaiityisiitittasocsusranes,wdshoksintistoe tmanagesorenmanagser	hehehal eiaic,ttertor weveanmaxposureeconomwy…ldl sblksd,f wdoiroiainaiityisitataenvnmenansocusrane,hod thoksintise twwemanage oreno managser:☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanionhyhaisinCoatttteanexpwsoourrporaGoStatemtvernanceen
PRIN	CPRRAARADRSPOSBILE8 –EMUNETEFILYNENILY
8.1	hebod of ald ehold:Tistityntaresu(a)hahh:ionittictvea remuneracommeew(1)haleahrbefjityatsttseememrs,amaorohodededdinirentctowmarepenrs;an(2)hadbydededisireinirentctocanpenr,ddlosiscane:(3)hehaf theitttrtecr ocommee;(4)hebef theditttmemrsocommee; an(5) ahedf ehd,heingioattorttsenoacrepperbefheimitttttnumroescommeemehrhoheddheddulioinivitutttougperanadafhebehoatttattenncesomemrsseingORetmes;()bfdohaiitionittttesnovearemuneracommee,dloshafacdheloyforiscitttt atenprocessesempshelevl ad cf ringitionionsettttenomposoemunerafordddireioriveingctotrsansenexecus anensurhahdionisiatttttsucremuneraappropreannoiveexcess	[f thelh ph(a):]Iityiesittencompwaragraphefachahahaionitttt tt wtttevea remuneracommee…lh phs(1) ad(2):iesitcomparagrapnwinCoGoStaORtetemtourrporavernanceenhlocisionattat:locherInsatiertoned af thehaf theittrteancopyocr ocommee:…hlocisionattat:Inslocatiherertoned theforferd ths(4) adinionintanmarereoparagrapn…(5):inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone[f thelh ph(b):]Iityiesittencomparagrapwhefachadohaionitttt tt wttenovea remuneracommee…	☒lanhyhaionisinCoatttteanexpsoourrporawGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp
		dheloyforhelevl adingtsetttanprocessesweempenitionf rionfordired siortctocomposoemunerarsanendhah riveingionisttt stexecuasnensurucemunera

CoGoCoil rdaionattrporevernanceuncecommen		Whafollowd thedaioninfullfohetr teveerecommenholef thed abohadlod …ioWiscwoperveevese	WhaOfollowd thedaioninfullNTteveerecommenfoheholef thed abohadlodioWisctrwoperveevese…
		d niativeotappropre anexcess:☒inCoGoStaORtetemtourrporavernanceenhlocisionattat:_Inslocatiherertone
8.2	ld ehold slydloslAistityiscitsiciesntteesueparaepoddhef niceingiontttanpracs regarremuneraoon‐ddhefiveireiontctottexecursanremuneraoddheiveireiorivetctottexecursanor senexecus.	lyld pioniciesicetettseparaour remunerapoanracs…dhef nddingioniveiretttctoregarremuneraoon‐execursanhef edd oheioniveireiortttctotremuneraoxecursanr senivetexecus:☒CoGoStaOinRtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanionhyhaisinCoatttteanexpwsoourrporaGoStaORtemtvernanceenllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp
8.3	ldhhha‐badAistityicityteenwsanequsehehold:iontremunerascmesu(a)halheheicyiciptarttsveapoonrpanarew(wittdintionhehetotertraacttpermeenonssr)hrhhefdeheivaiveisetttotouguseorsorrwhhlhekf picimiticisicipingintartatweconomrohehedtscme; an()bdloshalfiscicyit.e tt poora summaryo	lhficyisissit:tour poonueora summaryo…inCoGoStaORtetemtourrporavernanceenhlocisionattat:_Inslocatiherertone	lanhyhaionisinCoatttteanexpsoourrporawOGoStaRtemtvernanceen☒doha‐bad rheityionottwenveanequseemunerascmedhdaheforlbleisionis ticaORttotanrecommenree nappllyd ed thityisextntweareanernamanageandaheforlbleionis ticatotrecommenree napp
ADDI	TIONALDISCLOSURESAPPLICABLETOEXTERNAL	LYMANAGEDLISTEDENTITIES
‐	ltedafllyAiveReionttotter1.1rnacommenorexnadld eistitiesntmanagee:heblefllydTiitytextresponsenoanernamanageldholddlosistityiscnteesue:(a)hebehebleiityttstwttarrangemeneenresponsendheldforheffafistityingirstttaneenmanagaohelistditytntee;(b)heledblf thebodf theiiitytroanresponsoarobleforhoiityingttresponsenoverseesets.arrangemen	heforferd ths(a) ad(b):inioninttmarereoparagrapn…inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanionhyhaisinCoatttteanexpwsoourrporaGoStatemtvernanceen

l rdaCoGoCoiionattrporevernanceuncecommen		hafollowd thedafullfoheWionintr teveerecommenholef theiod abohadisclod …Wwoperveevese	hafollowd thedafullWNOTioninteveerecommenfoheholef theiod abohadisclodWtrwoperveevese…
‐	ltedadfAiveReion8.18.28.3ttotrnacommensanor,llydld eistitiesterntexnamanagee:llydldholdlealyAnistityextternamanageeensucrdloshehef theiscingiontterttemsgovernremuneraomanager.	hefingionttertmsgovernour remuneraasmanagero…heitytnte:inCoGoStaORtetemtourrporavernanceenhlocisionattat:_locherInsatiertone	lanhyhaionisinCoatttteanexpsoourrporawGoStatemtvernanceen