Corporate

Nomination Committee Charter - Summary

The BlueScope Steel Nomination Committee Charter sets out the role, rights and responsibilities of the Committee, along with certain matters relevant to the structure and operation of the Committee.

The Committee's role

The role of the Committee is to assist the Board in satisfying its responsibility to ensure that the Board comprises individuals who are best able to discharge the responsibilities of Directors, having regard to the law and the highest standards of governance.

The Committee's rights

The Committee has the ability to obtain independent professional advice to assist it with its functions at the expense of the Company.

The Committee's responsibility

The Committee generally has responsibility for:

Membership requirements

The Committee consists of the Chairman, the Deputy Chairman and all of the non-executive Directors of the Company. All non-executive Directors become members of the Committee upon their appointment to the Board. The Chairman of the Board is the Chairman of the Committee. The Committee charges a Sub-Committee comprising the Chairman and one other Non Executive Director with responsibility for conducting searches and identifying appropriate candidates.

As a majority of the Board is required to be assessed as independent under the BlueScope Steel Board Charter, a majority of the Committee will be independent non-executive Directors.

The Committee meets at least two scheduled times a year. The Managing Director and Chief Executive Officer may be invited to attend meetings.

Responsibilities