Nomination for Directors – 2022

Nominations are hereby called for the election of directors.

In accordance with the constitution of Nova Mutual Limited, two directors are required to stand down with two vacancies to be filled.

Director: Stephen Pyke will retire by rotation and is eligible for re-election.
Director: Martin Cushing will retire by rotation and is eligible for re-election.

Qualification of Directors

In accordance with the Constitution and Corporations Law, an individual is eligible to be a director if the person:

(a) is a member of Nova Mutual Limited;
(b) is an individual (that is, not a body corporate);
(c) is at least 18 years old;
(d) has not had a personal representative or trustee appointed to administer the person’s estate or property because of their mental incapacity; and
(e) If the person has been disqualified from managing a corporation, under the Corporations Law a person must satisfy the following requirements to be a director:
– ASIC has given the person written permission to manage Nova Mutual Limited; or
– The court has given the person leave to manage Nova Mutual Limited.

The Director Nominations Committee will interview potential candidates (including retiring Directors who wish to stand for re-election) to determine their compliance, or otherwise, with the Board’s Fit and Proper Policy. Nominees who, in the opinion of the Director Nominations Committee, fail to meet the requirements of the Fit and Proper Policy will be ineligible to stand for election.

The Director Nominations Committee will also assess a potential candidate’s skills and capabilities and make a determination as to whether those skills and capabilities meet the requirements of a Company Director.

PLEASE NOTE: Interviews with the Director Nominations Committee will take place, in person, in Newcastle in the days following nominations closing. The Director Nominations Committee will contact nominated persons to arrange a time for the interview to take place.

Nomination forms and other documentation

Nomination forms and other necessary forms and information can be obtained upon request by phoning David Franklin (02) 49261428.

When nominations close

Nominations will close at4pm on Friday day 26 August 2022.

By order of the Board
David Franklin
SECRETARY

Nomination pack available by contacting David Franklin on 02 49261428.
Nominations must be in writing, addressed to Nominations Committee and received at the registered office of Nova Mutual Limited by no later than 4 pm on Friday 26th August 2022.

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