Abacus Property Group – Annual Financial Report 2018

DIRECTORS’ REPORT
30 June 2018
ABACUS PROPERTY GROUP
OPERATING AND FINANCIAL REVIEW (continued)
DIRECTORS AND SECRETARY (continued)
Peter Spira AM, B Arch
Mr Spira is a Non-Executive Director. He has over 36 years’ experience in the Australian real estate sector with
Meriton Group, Australia’s largest residential apartment developer. He was responsible for Meriton Group’s
development projects while also leading the Meriton team in researching and developing new construction and
remediation systems. Mr Spira was a director of Meriton Group from 1995 until 2015. In 2006 he received the
Order of Australia (AM) for services to the development industry. He is a director of Retire Australia.
Mr Spira is Chairman of the Nomination & Remuneration Committee.
Tenure: 3 years
Robert Baulderstone BA, CA, FCIS
Company Secretary and Chief Financial Officer
Mr Baulderstone has been the Company Secretary since February 2017. He has been a chartered accountant for
over 25 years.
As at the date of this report, the relevant interests of the directors in the stapled securities of ABP Group were as
follows:
Directors
ABP securities held
J Thame 84,590
W Bartlett 33,125
Directors’ Meetings
The number of meetings of directors (including meetings of committees of directors) of AGHL, AFML (the
Responsible Entity of AT and AIT), AGPL, ASFML (the Responsible Entity of ASPT) and ASOL, held during the
year and the number of meetings attended by each director were as follows:
Audit &
Remuneration &
Risk Nomination Compliance
Board Committee Committee Committee
Eligible Attended Eligible Attended Eligible Attended Eligible Attended
J Thame 12 12 5 5 4 4 2 2
F Wolf (deceased) 8 8
S Sewell 4 4
W Bartlett 12 12 5 5 4 3
M Irving 5 5 1 1 2 2
J Qian 10 10 4 4 2 2
M Salkinder 12 12 4 4 4 4
P Spira 12 12 1 1
Indemnification and Insurance of Directors and Officers
The Group has paid an insurance premium in respect of a contract insuring all directors, full time executive
officers and the secretary. The terms of this policy prohibit disclosure of the nature of the risks insured or the
premium paid.
Indemnification of Auditors
To the extent permitted by law, the Company has agreed to indemnify its auditors, Ernst & Young, as part of the
terms of its audit engagement agreement against claims by third parties arising from the audit (for an unspecified
amount) – except for any loss in respect of any matters which are finally determined to have resulted from Ernst &
Young’s negligent, wrongful or wilful acts or omissions. No payment has been made to indemnify Ernst & Young
during or since the financial year.
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