36 Annual Report 2004 ASX Principle Reference Compliance Principle 5: Make timely and balanced disclosure 5.1 Establish written policies and procedures designed to ensure  11 Comply compliance with ASX Listing Rules disclosure requirements and to  ensure accountability at a senior management level for that compliance. Principle 6: Respect the rights of shareholders 6.1 Design and disclose a communications strategy to promote effective  11 Comply communication with shareholders and encourag effective participation  at general meetings. 6.2 Request the external auditor to attend the annual general m eeting 11 Comply and be available to answer shareholder questions about th e conduct  of the audit and the preparation and content of the auditor’s r eport. Principle 7: Recognise and manage risk 7.1 The Board or appropriate Board Committee should establish policies  8 Comply on risk oversight and management. 7.2 The chief executive officer (or equivalent) and the chief fin ancial officer  Comply (or equivalent) should state to the board in writing that: 7.2.1 the statement given in accordance with best practice  6; 8 recommendations 4.1 (the integrity of financial statements) is founded  on a sound system of risk management and internal compli ance and  control which implements the policies adopted by the Boar d; and 7.2.2 the Company’s risk management and internal complian ce  6; 8 and control system is operating efficiently and effectively  in all material respects. 7.3 Provide the information indicated in Guide to reportin on Principle 7. 8; Annual Report pages 32 and 33. Comply Principle 8: Encourage enhanced performance 8.1 Disclose the process for performance evaluation of the Board ,  3; 5; Annual Report page 31. Comply its Committees and individual Directors, and key executives. Principle 9: Remunerate fairly and responsibly 9.1 Provide disclosure in relation to the Company’s remunerati on policies  5  Comply to enable investors to understand (i) the costs and benefits o f those policies, and (ii) the link between remuneration paid to Dir ectors  and key executives and corporate performance. 9.2 The Board should establish a Remuneration Committee. 2.2; 5  Comply 9.3 Clearly distinguish the structure of non-executive Directors’  5  Comply remuneration from that of executives. 9.4 Ensure that payment of equity-based executive remunerati on  5  Comply is made in accordance with thresholds set in plans  approved by shareholders. 9.5 Provide the information indicated in Guide to reportin on Principle 9. 5; Annual Report pages 31 and 37 Comply to 40; Directors’ Statutory Report Items 1 and 9 on pages 47 and 49; Notes 18 and 26 to the Financial Statements. Principle 10: Recognise the legitimate interests of stakeholders 10.1 Establish and disclose a code of conduct to guide complian ce with 9 Comply legal and other obligations.