ANNUAL REPORT 2006

The Chairman of the Board will chair the Nomination
Committee and the Committee shall meet at least once
per year and at such additional times as is necessary to
fulfil its duties.
The Nomination Committee met once during the
reporting period and all members attended.
Remuneration Committee
The role of the Committee, in accordance with the
Remuneration Committee Charter, is to assist the Board
with respect to remuneration by reviewing and making
appropriate recommendations on:-
• Remuneration packages of Executive Directors and
senior executives; and
• Employee incentive and equity based plans including
the appropriateness of performance hurdles and
total payments proposed.
The ASX Listing Rules and the Constitution require
that the maximum aggregate amount of remuneration
to be allocated among the Non-Executive Directors be
approved by the shareholders in general meeting. In
proposing the maximum amount for consideration by
shareholders, and in determining the allocation, the
Remuneration Committee will take into account the
time demands made on Directors and such factors as
fees paid to Non-Executive Directors in comparable
Australian companies.
The remuneration paid to Directors and senior executives
is shown in the Remuneration Report contained in
the Directors’ Report, which includes details on the
Company’s remuneration policies. The Remuneration
Committee shall meet at least twice a year and otherwise
as required.
The current members of the Remuneration Committee
are:
Michael Blakiston - Chairman
Non-Executive Director
Eric Hughes
Non-Executive Director
The number of meetings of the Remuneration Committee
during the reporting period and the attendance record
of members is set out in the Directors’ Report.
STATEMENT CONCERNING
AVAILABILITY OF INDEPENDENT
PROFESSIONAL ADVICE
If a Director considers it necessary to obtain
independent professional advice to properly discharge
the responsibility of his / her office as a director then,
provided the Director first obtains approval for incurring
such expense from the Chairman, the Company will
pay the reasonable expenses associated with obtaining
such advice.
RELATIONSHIP WITH SHAREHOLDERS
The Company places a high priority on communications
with and accountability to shareholders. The Board
recognises that shareholders, as the ultimate owners
of the Company, are entitled to receive timely and
relevant high quality information about their investment.
Similarly, prospective investors should be able to make
an informed decision when considering the purchase of
shares in Platinum Australia Ltd.
To safeguard the effective dissemination of information,
the Board has implemented procedures for compliance
with continuous disclosure requirements. These
reinforce the Company’s commitment to its continuous
disclosure obligations imposed by law.
Information will be communicated to shareholders by:
• Ensuring that published financial and other statutory
reports are prepared in accordance with applicable
laws and industry best practice;
• Ensuring the disclosure of full and timely information
about the Company’s activities in accordance with
the general and continuous disclosure principles
in the ASX Listing Rules, the Corporations Act in
Australia and any other relevant legislation;
• Providing detailed reports from the Chairman and the
Managing Director at the Annual General Meeting;
• Placing all material information released to the
market (including Notices of Meeting and explanatory
materials) on the Company’s website as soon as
practical following release; and
• Placing the Company’s market announcements and
financial data for the preceding three years on its
website.
A N N U A L R E P O R T 2 0 0 6
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