CORPORATE GOVERNANCE STATEMENT CONT. Structure of the Board (continued) Performance Board Renewal and Succession Planning Trading Policy Code of Conduct Diversity Policy The table below outlines the diversity objectives established by the Board, the steps taken during the year to achieve these objectives, and  the outcomes. Broad diversity is encouraged and valued. While the Company is committed to fostering diversity at all levels, culture and gender diversity have  been and continue to be a priority for the Group. AACo has a formal diversity policy, which was established in January 2012. The Company is committed to equal opportunity and diversity. Diversity  of gender, sexual orientation, age, ethnicity, race, religion, culture and background, style, skills and experience all add to our capability to develop  and maintain a high performing workforce with the ability to take advantage of the diverse challenges and opportunities we face in Australia and  around the globe. A copy of the Company’s Code of Conduct is available on the Company’s website.  The Board has established a Code of Conduct with the objective of enhancing the Company’s reputation for fair and responsible dealing and to help  to maintain the high standards of corporate and individual behavior throughout the Company. The Company’s Code of Conduct aims to protect the  interests of shareholders, customers, employees and suppliers by promoting a culture of accountability and responsibility.  A copy of the Company’s Share Trading Policy is also available on the Company’s website.  As required by the ASX Listing Rules, the Company notifies the ASX of any transactions completed by Directors in the securities of the Company. Before commencing to trade, key management personnel must first notify and obtain the approval of the Company Secretary to do so and a  Director must first obtain the approval of the Chairman. Under the Company’s Share Trading Policy, a Director, executive or employee must not trade in any securities of the Company at any time when  they are in possession of unpublished, price sensitive information in relation to those securities. The Board ensures that new directors are inducted to the company appropriately, including visits to specific company operations and briefings by  key executives. In 2012 the Board undertook a review of the AACo Board evaluation process. A copy of the Company’s Board Evaluation Process is available on the  Company’s website. On 10 April 2013, Dr. Mohd Emir Mavani Abdullah was appointed a director. Board succession planning is an important part of the governance process. An extensive evaluation, review and succession planning process was  undertaken by the Board in 2011 with the assistance of independent professional consultants. The performance of the Board and key executives is reviewed regularly against both measurable and qualitative indicators.  For additional details regarding Board appointments, please refer to our website. For further biographical details, refer to pages 5 to 8 inclusive.  44 Australian Agricultural Company Limited