Corporate Report for the year ended 30 June 2022
Introduction and overview
Business performance
Governance and risk
Directors’ report
Remuneration report
Financial statements
Sustainability supplement
Security holder information
Directors’ meeting attendance The Boards of THL, TIML and TIL have common Directors and meetings are held concurrently. The number of meetings of the Board and each Board Committee held during FY22, and the number of meetings attended by each Director, are set out below. The below table excludes the attendance of those Directors who attended Board Committee meetings of which they are not a member, other than the Chair of the Board whose attendance at all Committee meetings is included below.
Remuneration, People and Culture Committee Attended Held *
Nomination Committee
Board Sub-Committee 1 Attended Held *
Board of Directors
Audit and Risk Committee Attended Held *
Attended Held *
Attended Held *
Lindsay Maxsted (Chairman)
13
13
6
8
4
4
10
10
Scott Charlton (CEO)
13
13
10
10
Mark Birrell
13
13
7
7
4
4
Terence Bowen
13
13
7
7
4
4
5
5
Patricia Cross
13
13
5
5
4
4
Craig Drummond
13
13
5
5
4
4
7
7
3
3
Marina Go 2
Timothy Reed
13
13
5
5
4
4
Peter Scott
13
13
7
7
4
4
5
5
Robert Whitfield
13
13
5
5
5
5
4
4
5
5
13
8
8
4
4
Jane Wilson
12 3
5
5
3
3
3
3
1
1
Neil Chatfield 4
5
5
3
3
1
1
Samantha Mostyn 4
* N umber of meetings held during the year at which the Director was a member of the Board or respective Committee. Details of current Committee membership are set out on pages 80 to 81 1 A number of Board Sub-Committees were formed during the year for special purposes, including due diligence processes undertaken in connection with the equity raising for the acquisition of the remaining interest in WestConnex 2 M Go was appointed as a director effective 1 December 2021 3 R eflects an unscheduled Board meeting where J Wilson was unable to attend due to a prior commitment 4 N Chatfield and S Mostyn retired from the Board on 21 October 2021
Distributions The Board determined a distribution of 26.0 cents per stapled security for the six months ended 30 June 2022 with a payment date of 23 August 2022. This takes the total distribution for FY22 to 41.0 cents per stapled security, of which 2.0 cents is fully franked. Further details of FY22 distributions are provided in note B10 to the Financial Statements.
Significant changes in the state of affairs
Events subsequent to the end of the financial year
The financial position and performance of the Group was particularly affected by the following matters during the reporting period: • Impact of COVID-19 • Group equity issuance and equity injection to Sydney Transport Partners joint venture • Final agreement reached on revised terms for the delivery of the West Gate Tunnel Project. Further information is provided in note B2 on page 128 of the Financial Statements.
Other than as disclosed in the financial statements, there has not arisen in the interval between the end of the financial year and the date of this report any matter or circumstance that has significantly affected, or may significantly affect, the Group’s operations, the results of those operations, or Group’s state of affairs, in the future years.
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