Alumina Limited

Board Skills Matrix

Alumina is a small board and one in which directors play an active part in shaping Alumina's strategic options, relationships with Alcoa and other industry players &, workload of the board. With a small management team too, Alumina's directors need to be prepared to contribute their skills and expertise yet provide boundaries for that team.

As a small board, directors are sought with functional skills (e.g. operations, finance, legal) & international experience from the alumina industry or from other relevant backgrounds (e.g. other mining & resources, oil and gas/energy, other asset intensive sectors).In order to effectively discharge its duties, it is necessary that collectively the Directors hold the appropriate balance of skills and experience. The Board seeks a complementary diversity of skills and experience across its members, recognising the complex and varied issues facing a minority partner and its interest in a large scale, global and capital intensive business. The Nomination Committee utilises a Skills Matrix to determine whether the appropriate mix of skills and experience exists among the Board and Committee members and to identify key attributes required for future candidates.

The Board’s current Skills Matrix includes the following attributes:

Board skills and experience No. of Directors
Established management and leadership skills

Maintained a successful business career at a very senior level exercising influence over staff at varying levels of seniority

6
Knowledge and experience in applicable industry and market

Practical and extensive knowledge of working in or advising the natural resources, capital intensive sector

6
International experience

Held senior management or equivalent roles in overseas locations or worked for an Australian based organisation with major export or international business or been exposed to a range of political, cultural, regulatory and business environments

6
Governance

High level experience gained from working in major corporate environments that operate under exacting governance regimes

6
Strategy

Proven record of developing and implementing a successful strategy, including appropriately probing and challenging management on the delivery of agreed strategic planning objectives

6
Financial expertise

Wide-ranging financial skills, experience and knowledge in senior management roles including oversight for risk management and internal control

4
Capital projects

Experience working in an industry with large-scale capital projects requiring long-term investment

6
Joint Ventures

Practical knowledge of working with or advising large scale joint ventures

5
Technical Skills

Experience in the operations of mining and metals processing facilities.

 

3
Mergers, acquisitions and divestments

Experience in, or providing advice on, the consolidation of companies or assets

6