Lendlease Annual Report 2022

Governance 71 Board skills and experience The Directors have a mix of Australian and international experience and expertise, as well as specialised skills to assist with decision making to effectively govern and direct the organisation for the benefit of securityholders. The skills matrix assists the Board with succession planning and professional development initiatives for Directors. The target of 40 per cent female Board members aims to improve gender diversity and focus the Board's attention on achieving this objective. Current female Directors represent 33 per cent of the Board. The table below sets out the skills and experience considered by the Board to be important for its Directors to have collectively. The Board considers that Governance, Strategy, People & Culture, Financial Acumen, Risk Management are core skills which all Directors have self-assessed as being within their core competencies. Skills/ Experience Michael Ullmer Jane Hemstritch Nicola Wakefield Evans David Craig Phil Coffey Elizabeth Proust Robert Welanetz Anthony Lombardo Nicholas Collishaw Total Governance Commitment to and experience in setting exceptional corporate governance policies, practices and standards. 9 Industry experience Possessing industry knowledge, exposure and experience gained in one or more of the core Lendlease operating segments of Investments, Development and/or Construction. This includes acting in advisory roles for these industries. - 8 International Operations Exposure to international regions either through experience gained directly in the region or through the management of regional clients and other stakeholder relationships. 9 Health and Safety Experience in programs implementing safety, mental health and physical wellbeing on site and within the business. Monitoring the proactive management of workplace health and safety practices. 9 ESG Experience in assessment strategy and performance against environmental, social and governance criteria. - - 7 Strategy Developing, setting and executing strategic direction. Experience in driving growth and executing against a clear strategy. 9 Risk Management Experience in anticipating and evaluating risks that could impact business. Recognising and managing these risks by developing sound risk governance policies and frameworks. 9 Legal Identifying and resolving legal and regulatory issues, and advising the Board on these matters. - - - - - - 3 People and Culture Experience in building workforce capability, setting a remuneration framework which attracts and retains a high calibre of executives, promoting workplace culture, diversity and inclusion. 9 Executive Leadership Skills gained while performing at a senior executive level for a considerable length of time including delivering superior results, dealing with complex business models, projects, and issues and change management. 9 Financial Acumen Understanding of the financial drivers of a business. Experience in financial reporting and corporate financial management. 9 Technology Experience via direct line accountability for managing significant technology functions or major project implementations. - - - 6