About Alumina

• Who we are
• Demerger Information
• Board and Management
• Alumina Strategy
• AWAC Agreements
• Global Business
• Governance
  • Constitution
  • Policies
  • Committee Charters
  • Values & Code of Conduct
  • Director Independence
  • Risk Management
  • Shareholder Communication Strategy
  • Board Performance Evaluation
  • NYSE Corporate Governance Standards
  • Board Succession Planning

NYSE Corporate Governance Standards

The New York Stock Exchange ("NYSE") Listing Rules, Section 303A, have a broad regime of corporate governance requirements for NYSE-listed companies. Under the NYSE Listing Rules foreign private issuers, such as Alumina Limited, are permitted to follow home country practice in lieu of the requirements of Section 303A, except for the Listing Rule relating to compliance with Rule 10A-3 of the Securities Exchange Act of 1934 and certain notification provisions contained in Section 303A of the Listing Rules. Section 303A.09 of the Listing Rules, however, requires us to disclose any significant ways in which our corporate governance practices differ from those followed by US listed companies under these NYSE Listing Rules. We have compared our corporate governance practices to the requirements of Section 303A of the NYSE Listing Rules that would otherwise currently apply to foreign private issuers and note the following significant differences:

• Our Nomination Committee Charter does not include the mandate to develop and recommend to the Board a set of corporate governance principles applicable to the corporation (which is largely a Board function). In addition the Nomination Committee charter does not include the mandate to oversee the evaluation of the Board and management. The Board undertakes a self evaluation, non executive directors evaluate the Chief Executive Officer, and the Chief Executive Officer evaluates other management.
• Shareholders are not provided the opportunity to vote on certain new equity compensation plans or material revisions to existing equity compensation plans, such as the Company's Employee Share Plan, which involves the purchase of shares on market by the Trustee of the Plan.
• We have not published a set of corporate governance guidelines as set forth in Section 303A.09. However, we do provide information on corporate governance policies and practices as required by Australian Stock Exchange rules, which are available in our Annual Report and on the website.