The Board’s Sustainability and Risk Committee has oversight responsibilities for safety, health, environment, community, risk management and internal audit. Sustainability related initiatives, performance measures against key performance indicators (KPIs), operational matters and issues relating to stakeholders are brought to the attention of the Sustainability and Risk Committee through quarterly meetings held with the Executive Team. IGO completes an annual review of governance documents to ensure they are kept up to date and in line with best practice. These documents include: • Code of Conduct • Dealing in Securities Standard • Continuous Disclosure and Information Standard • Whistleblower Standard • Anti-Bribery and Corruption Standard • Diversity and Equal Opportunity Standard • Privacy Standard IGO’s Group Governance Standards can be found on our website: Annually, IGO issues a Corporate Governance Statement to the ASX outlining the Company’s current corporate governance framework. The statement provides comparative reference to the Corporate Governance, Principles and Recommendations of the ASX Corporate Governance Council (ASX Recommendations). This Statement can be found on our website at: http://www.igo . aspx?RID=295 During the FY18 reporting period, the Company’s corporate governance practices have complied with the ASX Recommendations in their entirety and the Board has made appropriate statements reporting on the adoption of each of the recommendations. Executive Responsibility for IGO’s business processes and sustainability performance lies with the Managing Director and Chief Executive Officer, Mr Peter Bradford, and IGO’s Executive Committee. The Board and Executive Committee structure is shown in Figure 1. The Managing Director and Chief Executive Officer’s performance is measured against metrics relating to financial and operational performance, the execution of our growth strategy, and the sustainability of our performance. Comparable and related remuneration arrangements including incentive payments are variously applied to all IGO employees. There has been no material changes to IGO’s remuneration and performance standards in the reporting period. All IGO employees are accountable for contributing to the creation of value and enhancing our sustainability within their particular area of responsibility. Listing Independence Group NL is a company listed on the Australian Securities Exchange (ASX: IGO). The Company has been listed since 17 January 2002, having traded as Independence Gold NL from 17 January 2002 to 19 December 2003. FIGURE 1 IGO BOARD AND EXCO Debra Bakker Peter Bilbe (Chairman) Peter Bradford (CEO) Peter Buck Geoffrey Clifford Keith Spence Neil Warburton Keith Ashby Rob Dennis (finished on 30th April 2018) Matt Dusci Andrew Eddowes Sam Retallack Ian Sandl Scott Steinkrug Board Executive Committee (ExCo) TAX TRANSPARENCY CODE The Australian Government’s Voluntary Tax Transparency Code (TTC) is a set of principles and minimum standards to guide disclosure of tax information by businesses. The TTC was developed by the Board of Taxation to encourage large and medium-sized businesses to publicly disclose their tax affairs. The intention of the reporting requirements is to highlight those that are paying their fair share of tax and to encourage all businesses not to engage in aggressive tax avoidance. The TTC places a specific onus on large businesses to take the lead, to become more transparent, and help educate the public about their compliance with Australia’s tax laws. The minimum disclosure standard required by the TTC depends on the size of the business. As defined by the TTC, as of FY18, IGO is now categorised as a large-sized business (i.e. a business with an aggregated turnover of greater than A$500 million). Prior to this date IGO was categorized as a medium sized business. Turnover is defined in section 5.1 of the TTC. ( files/2016/05/BoT_TransparencyCode_ Final-report.pdf) For large businesses, the code requires the disclosure of: • a reconciliation of accounting profit to tax expense and to income tax paid or income tax payable • identification of material temporary and non-temporary differences • accounting effective company tax rates for Australian and global operations (pursuant to AASB guidance) • approach to tax strategy and governance • tax contribution summary for corporate taxes paid • information about international related party dealings In relation to FY18, IGO will provide our disclosure statement on our website this year following notification of the Australian Tax Office. IGO SUSTAINABILITY REPORT 2018— 11