Corporate Governance

The Board of Methven is responsible for the strategic direction of the Company and ensuring that the Company is managed properly and for the benefit of shareholders. Some of the key responsibilities of the Board include:
• Developing the strategic direction of Methven, in conjunction with Methven's senior management team;

• Monitoring the performance of management and the overall financial performance of the Company and the Methven Group;

• Monitoring Methven's regulatory and legislative compliance and risk management processes;

• Ensuring effective policies and procedures concerning disclosure to the market and shareholders.

The Board has adopted what it believes to be appropriate corporate governance policies and procedures, which it intends to review on an on-going basis. The principal corporate governance policies concern the appointment and retirement of Directors, Directors' access to independent professional advice and the constitution and operation of Board Committees - namely, the Audit, Compliance and Risk Management Committee and the Remuneration Committee.

Directors

PHIL LOUGH
Chairman

RICK FALA
Managing Director and Group CEO

GARY NEL
Executive Director and CEO New Zealand

PETER STANES
Non-Executive Director

RICHARD CUTFIELD
Non-Executive Director

DAVID MAIR
Non-Executive Director