CSL Ltd Annual Report 2020

5. Directors’ attendances at meetings 1 One of the Audit & Risk Management Committee meetings was held jointly with the Human Resources and Remuneration Committee. 2 One of the Human Resources and Remuneration Committee meetings was held jointly with the Audit & Risk Management Committee. 3 One Board meeting was arranged at short notice which meant two Non-executive Directors could not attend. 4 One Board meeting was arranged at short notice which meant two Non-executive Directors could not attend. The Board meets as often as necessary to fulfil its role. Directors are required to allocate time to CSL to perform their responsibilities effectively, including adequate time to prepare for Board meetings. During the reporting year, the Board met nine times, with all of those meetings held in Australia. Members of the Global Leadership Group and other members of senior management attend Board meetings by invitation. Attendance at Board and standing Board committee meetings during FY2020 is set out in the table 1 below. The Directors also visited various locations of the CSL Group’s operations inside and outside Australia and met with local management. Table 1: FY2020 Director Attendance at Board and Committee meetings Board of Directors Audit & Risk Management Committee Securities & Market Disclosure Committee Human Resources & Remuneration Committee Innovation & Development Committee Corporate Governance & Nomination Committee A B A 1 B A B A 2 B A B A B B McNamee 9 9 5* 4 4 5* 3 3 2 2 B Brook 9 9 6 6 1* 3* 2 2 C Hewson 7 7 3 3 3 3 1* 1 1 M Clark 9 9 1* 6 6 3 3 2 2 A Cuthbertson 9 9 2* 3 3 A Hussain 9 8 3 6 6 3 3 MMcDonald 9 9 6 6 6 6 3* P Perreault 9 9 6* 4 4 6* 3 3 2* C O’Reilly 9 8 4 6 6 6 6 3* 2 2 T Yamada 2 2 A Number of meetings held whilst a member. B Number of meetings attended. Board Committee meetings are open to all Directors to attend. Where a Director attended a meeting of a Committee of which they were not a member, it is indicated with an asterisk*. 6. Dividends On 18 August 2020 the directors resolved to pay a final dividend of US$1.07 per ordinary share, unfranked, bringing dividends per share for 2020 to US$2.02 per share. In accordance with determinations by the directors, CSL does not operate a dividend investment plan. Dividends paid during the year were as follows: Dividend Date paid Unfranked dividend per share US$ Total dividend US$ Final Dividend for Year Ended 30 June 2019 11/10/2019 100 cents $453.9m InterimDividend for Year Ended 30 June 2020 09/04/2020 95 cents $429.2m Dividends are determined after period-end and announced with the results for the period. Interim dividends are determined in February and paid in April. Final dividends are determined in August and paid in October. Dividends determined are not recorded as a liability at the end of the period to which they relate. 7. Significant changes in the state of affairs There were no significant changes in the state of affairs of the consolidated entity during the financial year not otherwise disclosed in this report ‘ASX Full-year information 30 June 2020’ including the financial statements. 8. Developments in operations in future years and expected results The OFR sets out information on CSL’s business strategies and prospectus for future financial years, and refers to likely developments in CSL’s operations and the expected results of those operations in future financial years. Certain information regarding developments in operations in future years and expected results of those operations is excluded because it is likely to result in material prejudice to the Group. CSL Limited Annual Report 2020 63