annual report - Harvey Norman Company Reports & Announcements

CORPORATE GOVERNANCE STATEMENT (CONTINUED)
For a full discussion of the Company‟s remuneration philosophy and framework and the
remuneration received by directors and executives in the current period please refer to the
remuneration report, which is contained with the directors‟ report.
There is no scheme to provide retirement benefits to non-executive directors.
The board is responsible for determining and reviewing compensation arrangements for the
directors themselves, the chief executive officer and executive team. The board has established
a remuneration committee, comprising three non-executive directors. Members of the
remuneration committee throughout the year were Christopher Herbert Brown (Chairman),
Kenneth William Gunderson-Briggs and Graham Charles Paton.
The remuneration committee recognises the Corporate Governance Council's recommendation
that the Chair should be an independent director. The remuneration committee further
recognises that it can be argued that Mr Christopher Herbert Brown does not meet the definition
of independence.
The remuneration committee believes that Mr Christopher Herbert Brown is the most appropriate
person to lead the remuneration committee as non-executive Chairman and that he is able to
and does bring quality and independent judgement to all relevant issues falling within the scope
of the role of Chairman and that the Company as a whole benefits from his long standing
experience of its operations and business relationships.
For details on the number of meetings of the remuneration committee held during the year and
the attendees at those meetings, refer to the directors‟ report.
For additional details regarding the remuneration committee, including a copy of its charter,
please refer to website of the Company.
Shareholder communication policy
Pursuant to Principle 6, the objective of the Company is to promote effective communication with
its shareholders at all times.
The Company is committed to:
(i) Ensuring that shareholders and the financial markets are provided with full and timely
information about the activities of the Company in a balanced and understandable way.
(ii) Complying with continuous disclosure obligations contained in applicable the ASX listing
rules and the Corporations Act 2001 in Australia.
(iii) Communicating effectively with its shareholders and making it easier for shareholders to
communicate with the Company.
To promote effective communication with shareholders and encourage effective participation at
general meetings, information is communicated to shareholders:
(i) Through the release of information to the market via the ASX
(ii) Through the distribution of the annual report and Notices of Annual General Meeting
(iii) Through shareholder meetings and investor relations presentations
(iv) Through letters and other forms of communications directly to shareholders
(v) By posting relevant information to the website of the Company.
The Company's website www.harveynormanholdings.com.au has a dedicated Investor Relations
section for the purpose of publishing all important company information and relevant
announcements made to the market (refer to the corporation information section of the website).
The external auditors are required to attend the Annual General Meeting and are available to
answer any shareholder questions about the conduct of the audit and preparation of the audit
report.
ASX Listing Rule/
Recommendation
ASX Rec 8.3
ASX Rec 8.3
ASX Rec 8.1
ASX Rec 8.3
ASX Rec 6.2
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