2.7 Nominations Committee: Composition Roles and responsibilities  Board objectives  Managing director and senior executive objectives  Nomination criteria  Mineral Resources Limited Annual Report 2014  41 •  Any other attributes that the nominations committee believes will benefit the Company.  •  Declared/ apparent conflict of interest.  •  Consideration of their experience as a recognised thought leader and team player.  •  Industry/professional sector of the nominee to ensure diversity on the Board, keeping in mind the  composition of the membership at large.  •  Skills set of the nominee to complement the skill set of the Board.  •  Qualifications.  •  The standing of the nominee in the community.  •  The level of further education undertaken by the nominee.  •  Previous and other directorial experience.  •  The level of seniority in the nominee’s workplace.  •  Evaluating the performance of the Managing Director and senior executives.  •  Ensuring that succession plans are in place.  •  Conducting searches for the Managing Director and senior executives and recommending preferred  candidates to the Board.  •  Maintaining a process for evaluating the performance of the Board. •  Continually monitor Board membership and structure to ensure that there is appropriate representation on  the Board from across the membership.  •  Review the nominations received from members who wish to be appointed to the Board in accordance with  the preferred criteria and guidelines set out below.  •  Ensuring that Board succession plans are in place to maintain the required competencies, number and  profiles of Board members.  •  Recommending required Board competencies, number and profiles of Board members.  •  Assessing the extent to which the necessary and desirable competencies are represented on the Board.  •  Conducting searches for new Board members and recommending preferred candidates to the Board.  •  Providing assurance that the Board has the effective composition, size and commitment to adequately  discharge its responsibilities and duties.  •  other matters as required.  •  matters relating to senior executive selection and performance; and  •  matters relating to the composition, structure and operation of the board;  Corporate  Governance  Statement For personal use only RECOMMENDATION 2.4 – NOMINATIONS COMMITTEE The Board has established a Nominations Committee. The Company has posted the Committee’s charter to the  Corporate Governance section of its website: www.mineralresources.com.au The Committee has three directors, the majority of whom are Non-executive Directors. Mr Flynn, an independent  Non-executive Director, is the Committee Chairman. Membership of the Nomination Committee is included in the  Directors’ Report. The role of the Nomination Committee is to assist and advise the board in fulfilling its responsibilities to members  of the company on:  The Board Nomination Committee is not a policy making body, but assists the Board by implementing Board  policy and recommending nominations which require Board approval.  The objectives to the Committee include:  The objectives of the Committee include:  In discharging their responsibilities, the committee members have a duty to act in the best interest of the  Company as a whole, irrespective of personal, professional, commercial or other interests, loyalties or affiliations  and to take the Company’s interest into consideration with candidates for Board members.  When reviewing a nomination for directorship, the Nomination Committee must take into account:  30 June 2014 Corporate Governance Statement