4 questions asked at 2022 AMA Group AGM

January 6, 2023

Here is the text of the 4 written questions asked at the 2022 AMA Group hybrid AGM held on November 24. See webcast of 44 minute meeting, plus this 12 page transcript.

1. Given the interesting discussions across a range of topics today, could the chair undertake to make an archived copy of the webcast plus a full transcript of proceedings available on the company's website? The likes of Nine, AGL, ASX, ANZ, Domino's and Lend Lease all produced their 1st AGM transcripts in 2021. Will you follow suit today? This is something IAG has been doing since 2003.

Chairman Anthony Day: Alex, we do exactly that, Stephen. There'll be a full transcript on our website.

2. Could new director Caroline Waldron and the chair comment on the recruitment process that led to her appointment to the board. Was a head hunter involved, did the full board interview Caroline and did they interview any other candidates? Did Caroline know any of our directors before engaging with the recruitment process?

Answer: didn't know anyone and a headhunter was involved which is good. Full text below:

Chairman Anthony Day: As I mentioned in my address earlier, we did engage a search firm in seeking Caroline's appointment. Caroline was involved in a extensive interviewing process which involved all of the directors, and I can say that I'd never met Caroline before, and I don't think you'd met anyone on the board at that point. Is that fair? No, that's I think all the answers to the questions.

3. Thank you to Nicole Cook for her service on the board which finishes today. It is always helpful for investors to have access to some exit perspectives from retiring independent directors. In her final contribution as an AMA director, could Nicole please comment on what she regards as the best decisions AMA made during her time on the board and does she have any regrets?

Nicole Cook: Well, thank you, Steven. Let me just say no, I do not have any regrets. The learnings that this board has provided for all of us in a lot of conditions we would never have anticipated have been enormous. Can I say that there's been one decision that has been beneficial about being on this board? No, but I am proud of the way that this board has navigated the challenges over the past three years. I joined in 2019, and early 2020, we hit a lot of headwinds and they kept coming, and this board navigated every single one with integrity, honesty, and in the best interest of all those on the phone and in the room and the shareholders, and I'm really proud to say I was part of that journey.

Answer: after pulling out of re-election a week ago, Nicole was good enough to speak on her last day but handled it diplomatically. Watch video via Twitter.

4. Have any shareholders actually turned up for the physical component of today's AGM who aren't associated with the company? Thank you for offering shareholders a hybrid AGM this year and will you commit to keep doing this in future years to maximise shareholder participation?

Anthony Day: Certainly, we will be doing it in future years. Something that I've been used to for some time is that we have both the hybrid meeting works well, and I think it's great to give access to everyone as part of that.