Historically, the oil and gas industry is a male dominated work force. The proportion of women employees in the whole  organisation, women in senior executive positions and women on the board is listed in the following table.  As at 31 December 2014 Males  Females  Total  Board 5 - 5 Senior Management  3  2 5  Other Employees  30 24  54 Total  38 26 64 59%  41%  3.3 Securities Trading Policy  Sundance has a Securities Trading Policy that regulates dealing in its securities by Directors, Key Management Personnel,  employees (personnel) and their associates. The Board restricts personnel from acting on inside information that is generally  available and if it were generally available, would, or would be likely to, influence persons who commonly invest in securities in  deciding whether to acquire or dispose of the relevant securities. The Securities Trading Policy outlines:  • When personnel may and may not deal in shares of the Company, options over those shares and any other financial  products of the Company traded on the ASX (company Securities):  • When personnel may and may not deal in listed securities of another entity;  • The procedure for obtaining prior clearance in exceptional circumstances for trading that would otherwise be contrary  to the Securities Trading Policy; and • Procedures to reduce the risk of insider trading.  The Securities Trading Policy was updated in February 2015 and is available in the corporate governance section of Sundance’s  website.  $^{ }$Principle 4: Safeguard Integrity in Financial Reporting 4.1 Audit and Risk Management Committee The Audit and Risk Management Committee has three members, D Hannes (chairman), M D Hannell, and N Martin, all whom  are independent Non-Executive Directors. The Managing Director and Chief Executive Officer as well as the Chief Financial Officer  are non-voting management representatives who advise the committee as appropriate.  The objectives of the Audit and Risk Management Committee is to assist the Board in:  • Ensuring the quality of financial controls is appropriate to Sundance;  • Making informed decisions regarding accounting , policies, practices and disclosures;  • Reviewing the adequacy of the accounting and reporting systems;  • Reviewing matters of significance affecting the financial welfare and risk exposure of Sundance;  • Reviewing the scope and results of external and internal audits;  • Maintaining open lines of communication between the Board, management and external auditors, thus enabling  information and points of view to be freely exchanged; and  • Meeting its compliance obligations imposed by the energy regulators.  The specific attributes of the Audit and Risk Management Committee members that are relevant to this committee include  financial acumen, technical industry knowledge, experience in risk management and oversight. The Audit and Risk Management  Committee meets at least three times a year and the external auditor, Managing Director and Chief Financial Officer are invited  to attend the meetings, at the discretion of the Audit and Risk Management Committee. The committee keeps minutes of  meetings, which are submitted to the full Board for review.  - 51 - 