DIRECTORs’ REPORT In July 2013, the Group entered into a new loan facility for NZ$40 million. The loan facility is available to the Group  until July 2015. On 13 August, the Group entered into an agreement to sell InvestSMART to Australasian Wealth Investments Limited (AWI) for  cash consideration of $7 million. The completion of the transaction is dependent on a capital raising process by AWI. REMUNERATION REPORT A remuneration report is set out on pages 29 – 44 and forms part of this Directors’ Report. DIRECTORS’ INTERESTS The relevant interest of each Director in the equity of the Company and related bodies corporate as at the date of this report is:  DIRECTORS’ MEETINGS The following table shows the number of Board and Committee meetings held during the financial year ended 30 June 2013  and the number attended by each Director or Committee member. 26 ORDINARY SHARES OPENING  BALANCE ACQUISITION DISPOSALS CLOSING  BALANCE POST YEAR END  ACQUISITIONS POST YEAR END  DISPOSALS POST YEAR END  BALANCE R Corbett 99,206 – – 99,206 – – 99,206 G Hywood* 1,682,834 200,000 – 1,882,834 – – 1,882,834 M Anderson – – – – – – – J Cowin – 3,000,000 – 3,000,000 – – 3,000,000 S McPhee 40,220 70,673 – 110,893 – – 110,893 J Millar – 100,000 – 100,000 – – 100,000 S Morgan* 2,090,348 – – 2,090,348 – – 2,090,348 L Nicholls 40,387 67,371 – 107,758 – – 107,758 R Savage 47,899 – – 47,899 – – 47,899 P Young 131,117 – – 131,117 – – 131,117 ToTAl 4,132,011 3,438,044 – 7,570,055 – – 7,570,055 MEETINGS* BOARD MEETING AUDIT AND RISK NOMINATIONS PEOPLE AND CULTURE SUSTAINABILITY  AND CORPORATE  RESPONSIBILITY NO.  HELD NO.  ATTENDED NO.  HELD NO.  ATTENDED NO.  HELD NO.  ATTENDED NO.  HELD NO.  ATTENDED NO.  HELD NO.  ATTENDED R Corbett** 16 16 4 4 – – 6 6 3 3 G Hywood*** 16 16 4 4 – – 6 6 3 3 M Anderson 16 15 – – – – 6 6 3 3 J Cowin 14 13 – – – – 3 3 – – S McPhee 16 16 – – – – 6 6 3 3 J Millar 15 15 2 2 – – – – – – S Morgan 16 13 – – – – – – 2 1 L Nicholls 16 15 4 4 – – – – – – R Savage – – – – – – – – – – P Young 16 14 4 4 – – 3 3 – – In the case of retired Directors, the closing balance represents the number of shares at the date the Director retired  from the Board. No Director holds options over shares in the Company.  *  The number of meetings held refers to the number of meetings held while the Director was a member of the Board or Committee.  ** Mr Corbett, Chairman, is an ex officio member of all Board committees. *** Mr Hywood attends the Audit and Risk, People and Culture and Sustainability and Corporate Responsibility Committee meetings as an  invitee of the Committees. *  Balance includes Trade Me shares which was a related body corporate until 21 December 2012. 