Directors’ Report GrainCorp Limited and Controlled Entities  Dividends The following dividends have been paid or declared for payment to members: Date  Rate Amount (cents) $’000 Paid 17 November 2000 - Final for 2000  47.0 14,698 Paid 25 June 2001 - Interim for 2001 43.0 17,513 Declared for payment on 19 December 2001 - Final for 2001 29.0 11,655 Introduce procedural guidelines to address task-specific environmental concerns. An important part of the GrainCorp Environmental Management System includes the recording of any incident that may have a potential environmental impact. During the financial year, no fines or penalties were imposed on any member of the consolidated entity under environmental regulation and all required environmental licences and permits are current. Other than reported elsewhere in the Annual Report,  no other matter or circumstance has arisen since 30 September 2001 which has significantly affected  or may significantly affect: Matters Subsequent to the End of the Financial Year (a) the consolidated entity’s operations in future financial years, or (b) the results of those operations in future financial years, or (c) the consolidated entity’s state of affairs in future financial years.  Occupational Health and Safety Likely Developments GrainCorp is committed to ensuring compliance with relevant health, safety and environmental legislation.  The Board requires a best practice approach in these areas, and has implemented appropriate management objectives and structures and a regular reporting process to ensure that this objective is achieved. GrainCorp’s health, safety and environmental policies are under continuous review and are updated when required.  In general terms, GrainCorp’s policies are designed to eliminate injury to people and to minimise loss or damage to product stored and handled on behalf of customers. All information on future likely developments are contained elsewhere in the Annual Report. The Directors believe that additional information as to likely developments in the operations of the consolidated entity in future financial years, including the expected results  of those operations, would likely result in unreasonable prejudice to the consolidated entity. GrainCorp is committed to ensuring business practices  are conducted in an environmentally responsible manner. Management of operations and assets are such that adverse environmental impacts are minimised. Notwithstanding compliance to environmental laws as  a minimum standard, GrainCorp strives to ensure best practice principles are adopted in managing environmental issues. Strategies include but are not limited to: Development and implementation of sound environmental management systems to ensure legislative requirements are met. Engaging independent environmental specialists  to assess current practice and assist in improvement strategies. Develop and encourage employee awareness  and responsibility to environmental issues. Monitor performance of the consolidated entity in respect of environmental issues and adjust processes accordingly. GrainCorp 2001 Annual Report 37 Environment