annual report - Harvey Norman Company Reports & Announcements

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DIRECTOR‟S REPORT (CONTINUED) Michael John Harvey B.Com. - Non-Executive Director Mr. M. Harvey, aged 47, joined Harvey Norman in 1987, having completed a Bachelor of Commerce degree. Mr. M. Harvey gained extensive experience as a Harvey Norman franchisee from 1989 to 1994. Mr. M. Harvey became a director of the Company in 1993 and was appointed Managing Director in July 1994. Mr. M. Harvey ceased to be an Executive Director and Managing Director on 30 June 1998. Christopher Herbert Brown LL.M, FAICD, FTIA - Non-Executive Director Mr. Brown, aged 62, holds the degree of Master of Laws from the University of Sydney. Mr. Brown is the senior partner in Brown Wright Stein Lawyers. Brown Wright Stein Lawyers has acted as lawyers for the consolidated entity since 1982. Mr. Brown was appointed a director of the Company in 1987, when it became a listed public company. Mr. Brown is Chairman of the Remuneration and Nomination Committees and a member of the Audit Committee. Mr. Brown is the Chairman of Windgap Foundation Limited. Kenneth William Gunderson-Briggs B.Bus., FCA, MAICD – Non-Executive Director (Independent) Mr. Gunderson-Briggs, aged 50, was appointed a director of Harvey Norman Holdings Limited on 30 June 2003. Mr. Gunderson-Briggs is a chartered accountant and a registered company auditor. Mr. Gunderson-Briggs has been involved in public practice since 1982 and a partner in a chartered accounting firm since 1990. Mr. Gunderson-Briggs‟ qualifications include a Bachelor of Business from the University of Technology, Sydney and he is a fellow of the Institute of Chartered Accountants. Mr. Gunderson-Briggs is a member of the Audit, Remuneration and Nomination Committees. Mr. Gunderson- Briggs continues to serve as a director of Windgap Foundation Limited, Glenaeon Rudolph Steiner School Limited and Glenaeon Foundation Limited. Graham Charles Paton AM, B.Ec., FCPA, MAICD - Non-Executive Director (Independent) Mr. Paton, aged 67, holds a Bachelor of Economics degree from the University of Sydney. During his twenty-three years as a partner of an international chartered accounting practice, he was involved in the provision of professional services to the retail industry. He retired from public practice in July 2001. Mr. Paton is a Fellow and Life Member of CPA Australia and was the National President of that professional accounting body in 1993/1994. In 2001 he was awarded membership of the General Division of the Order of Australia for his services to the accounting profession and for his services to the deaf community through his chairmanship of the Shepherd Centre for Deaf Children for the decade to 2001. Mr. Paton was appointed a director of Harvey Norman Holdings Limited on 20 June 2005. Mr. Paton was also appointed as a member of the Audit, Remuneration and Nomination Committees on 30 June 2005 and was appointed Chairman of the Audit Committee on 9 March 2006. Mr Paton is an independent non-executive director of Gazal Corporation Limited, a company listed on the ASX. 15
DIRECTOR‟S REPORT (CONTINUED) Committee Membership As at the date of this report, the Company had an Audit Committee, a Remuneration Committee and a Nomination Committee. Members acting on the committees of the board during the year were: Audit Committee G.C. Paton AM (Chairman) C.H. Brown K.W. Gunderson-Briggs Nomination Committee C.H. Brown (Chairman) K.W. Gunderson-Briggs G.C. Paton AM Remuneration Committee C.H. Brown (Chairman) K.W. Gunderson-Briggs G.C. Paton AM Directors‟ Meetings The number of meetings of the Board of directors and of its Board committees during the year were: Board / Committee Full Board 11 Audit 8 Remuneration 8 Nomination 1 16 Number of Meetings Attendance at Remuneration Committee Meetings: C.H. Brown (Chairman): 8 [8] K.W. Gunderson-Briggs: 8 [8] G.C. Paton AM: 8 [8] Attendance at Nomination Committee Meeting: Each of Mr G.C. Paton, Mr C.H. Brown, and Mr K.W. Gunderson-Briggs attended the Nomination Committee meeting held during the year. The attendance of directors at meetings of the Board and Audit Committee were: Director Board of Directors Audit Committee G. Harvey 11 [11] n/a K.L. Page 11 [11] n/a J.E. Slack-Smith 11 [11] n/a D.M. Ackery 10 [11] n/a M.J. Harvey 9 [11] n/a C.H. Brown 10 [11] 8 [8] I.J. Norman K.W. Gunderson- 9 [11] n/a Briggs 11 [11] 8 [8] G.C. Paton 11 [11] 8 [8] C. Mentis 11 [11] n/a The above table represents the directors‟ attendance at meetings of the Board and the Audit Committee. The number of meetings for which the director was eligible to attend is shown in brackets. In addition, the executive directors held regular meetings for the purpose of signing various documentation. The details of the functions and memberships of the Audit Committee of the Board are presented in the Corporate Governance Statement. Directors‟ Interests At the date of this report, the relevant direct and indirect interest of each director in the shares, options or other instruments of the Company and related bodies corporate are: Director HARVEY NORMAN HOLDINGS LIMITED Ordinary Options Shares G. Harvey 312,509,532 - I.J. Norman 175,249,660 - K.L. Page 16,995,133 - M.J. Harvey 2,845,553 - C.H. Brown 103,467 - J.E. Slack-Smith 259,999 1,678,000 D.M. Ackery K. W. Gunderson- 146,667 1,678,000 Briggs 3,000 - G.C. Paton 15,000 - C. Mentis 7,450 1,678,000 TOTAL 508,135,461 5,034,000
Page 1 and 2: 2012 ANNUAL REPORT HOLDINGS LIMITED
Page 3 and 4: 2 Contents Company Information 1 Co
Page 5 and 6: CHAIRMAN‟S REPORT Business Perfor
Page 7 and 8: CHAIRMAN‟S REPORT (CONTINUED) Our
Page 9 and 10: CHAIRMAN‟S REPORT (CONTINUED) Bre
Page 11 and 12: CHAIRMAN‟S REPORT (CONTINUED) Sal
Page 13 and 14: CHAIRMAN‟S REPORT (CONTINUED) Slo
Page 15: DIRECTOR‟S REPORT Your directors
Page 19 and 20: DIRECTOR‟S REPORT (CONTINUED) Div
Page 21 and 22: DIRECTOR‟S REPORT (CONTINUED) Rem
Page 29 and 30: DIRECTORS‟ REPORT (CONTINUED) Rem
Page 31 and 32: DIRECTORS‟ REPORT (CONTINUED) Rem
Page 33 and 34: DIRECTORS‟ REPORT (CONTINUED) Aud
Page 35 and 36: CORPORATE GOVERNANCE STATEMENT (CON
Page 43 and 44: STATEMENT OF FINANCIAL POSITION AS
Page 45 and 46: STATEMENT OF COMPREHENSIVE INCOME F
Page 47 and 48: STATEMENT OF CHANGES IN EQUITY FOR
Page 49 and 50: STATEMENT OF CASH FLOWS FOR THE YEA
Page 51 and 52: OPERATING SEGMENTS (CONTINUED) Oper
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Page 55 and 56: OPERATING SEGMENTS (CONTINUED) Oper
Page 57 and 58: STATEMENT OF SIGNIFICANT ACCOUNTING
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STATEMENT OF SIGNIFICANT ACCOUNTING
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STATEMENT OF SIGNIFICANT ACCOUNTING
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Reference Title Summary Application
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NOTES TO THE FINANCIAL STATEMENTS (
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Independent auditor’s report to t
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SHAREHOLDER INFORMATION Distributio
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DIRECTORY OF HARVEY NORMAN, DOMAYNE
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