Personnel GrainCorp Foundation Policies and Procedures Trading of GrainCorp Shares Ethical Standards Health and Safety Related Party GrainCorp sponsors a number of rural-based community activities throughout its operating area on an ad hoc  basis. In August 2000, the Board resolved to establish  the GrainCorp Foundation which is now operating independently of the Company. GrainCorp will allocate  1 per cent of after tax profits annually to sponsorship activities. The primary objective is to provide financial support, in an objective and programmed fashion, to the rural communities in which GrainCorp is based. A review of Foundation activities is provided in this Report. The Company has established a traineeship program for both graduates and grain handlers and places emphasis on training, graduate recruitment and development and is constantly reviewing career development for its employees. All Directors and employees are expected to act with the utmost integrity and objectivity, striving at all times to enhance the reputation and performance of the Company. The Company has implemented a Code of Conduct and Diversity and Equity Policy for all employees. Membership of appropriate professional bodies is encouraged. The following policy applies for the trading of GrainCorp shares by Directors and employees.  That buying or selling of GrainCorp Limited shares by Directors, officers, all staff agreement employees, contractors located at any of the Company’s offices, users of the general ledger financial systems and related parties, who are aware of price sensitive information not available to the market, be restricted to the following time periods: 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.  Transactions by Directors for storage, handling, testing, seed, sales and purchases of grain or fertiliser are undertaken on terms no more favourable than available  to other customers and apart from standard business transactions are reviewed and approved by the Chairman of the Audit Committee in accordance with the corporate governance policy of the Company. It is also noted that the GrainCorp Foundation donated funds to a charitable foundation chaired by Mr Burton Taylor in compliance with the Foundation Charter. These trading windows are open subject to an individual not being in possession of market-sensitive information. (ii) Six weeks commencing from the date of lodgement  of the half yearly accounts of GrainCorp Limited with ASIC and the ASX. (ii) Six weeks commencing from the date of lodgement of the preliminary final report of GrainCorp Limited with the ASX. (iii) Four weeks commencing from the date of the Annual General Meeting of the Company. 34 GrainCorp 2001 Annual Report