Board of Directors

The composition, structure and conduct of IAG’s Board are governed by IAG’s Constitution, the Corporations Act, Prudential Standards made under the Insurance Act, the Australian Securities Exchange’s Listing Rules and general law.

The Board’s principal role is to govern, rather than manage, IAG, by ensuring that there is a proper governance framework in place to promote and protect IAG’s interests for the benefit of its stakeholders. To assist it in fulfilling its responsibilities, the Board has four standing committees:

• the Audit Committee helps the Board fulfil its statutory and fiduciary responsibilities by monitoring the integrity of external and internal financial reporting, including compliance with applicable laws and regulations. This committee ensures that directors and management are provided with high quality financial and non-financial information, and is responsible for monitoring the independence of the auditor;
• the Nomination Committee employs appropriate processes to address Board succession issues, and appoints directors who allow the Board to have the appropriate balance of skills, knowledge, experience, independence and diversity to enable it to discharge its duties and responsibilities effectively;
• the People and Remuneration Committee provides assurance to the Board on the effectiveness and integrity of, and compliance with, IAG’s remuneration policies and practices, and monitors the development, implementation and reporting of IAG’s business sustainability strategy; and
• the Risk Committee helps the Board exercise due care, skill and diligence regarding effective oversight of material risks to which IAG is exposed by providing oversight of IAG’s risk management and governance frameworks.

ELIZABETH BRYAN AM

• BA (Econ), MA (Econ)
• Chairman and Independent Non-executive director
• Appointed December 2014;
• Appointed Chairman, March 2016
• Chairman, People and Remuneration Committee; Nomination Committee
• Member, Risk Committee
• Age 69

PETER HARMER

• Managing Director and Chief Executive Officer, Executive Director
• Appointed November 2015
• Member, Nomination Committee;
• Age 56

ALISON DEANS

• BA, MBA, GAICD
• Independent Non-executive Director
• Appointed February 2013
• Member, People and Remuneration Committee; Nomination Committee
• Age 48

HUGH FLETCHER

• BSc/BCom, MCom (Hons), MBA
• Independent Non-executive Director
• Appointed September 2007
• Member, Audit Committee; Risk Committee; Nomination Committee
• Age 68

RAYMOND LIM

• BEcon, BA, LLM
• Independent Non-executive Director
• Appointed February 2013
• Member, People and Remuneration Committee; Nomination Committee
• Age 57

JONATHAN (JON) NICHOLSON

• BA
• Independent Non-executive Director
• Appointed September 2015
• Member, Risk Committee; Audit Committee; Nomination Committee
• Age 60

TOM POCKETT

• CA, BCom
• Independent Non-executive Director
• Appointed January 2015
• Chairman, Audit Committee
• Member, Risk Committee; Nomination Committee
• Age 58

PHILIP TWYMAN

• BSc, MBA, FAICD
• Independent Non-executive Director
• Appointed July 2008
• Chairman, Risk Committee
• Member, Audit Committee; Risk Committee; Nomination Committee
• Age 72

Detailed information about our Directors, our Board and our Board Committees is available in the About Us area of our website (www.iag.com.au).