CSL Ltd Annual Report 2021

5. Directors’ attendances at meetings 1 One of the Audit and 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 and Risk Management Committee. 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 11 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 2020/21 is set out in Table 1 below. Due to COVID-19 restrictions, the directors also leveraged virtual technologies to participate in focused sessions on the CSL Group’s operations inside and outside Australia and meet with local management. Table 1: 2020/21 Director Attendance at Board and Committee meetings Board of Directors Audit and Risk Management Committee Securities and Market Disclosure Committee Human Resources and Remuneration Committee Innovation and Development Committee Corporate Governance and Nomination Committee A B A 1 B A B A 2 B A B A B B McNamee 11 11 5* 5 5 8* 5 5 8 8 B Brook 11 11 5 5 1* 2* 5* 8 8 C Hewson 11 11 5 5 9 9 5* 8 8 M Clark 11 11 2* 9 9 5 5 8 8 A Cuthbertson 11 11 1* 1* 5 5 A Hussain 11 11 2* 9 9 5 5 MMcDonald 11 11 5 5 9 9 5* P Perreault 11 11 5* 5 5 9* 5* 8* C O’Reilly 4 4 1 1 5 5 2* 2 2 P Soriot 2 2 1 2 A Number of meetings held whilst a member. B N umber 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 17 August 2021, the directors resolved to pay a final dividend of US$1.18 per ordinary share, 10% franked, bringing dividends per share for 2021 to US$2.22 per share. In accordance with determinations by the directors, CSL does not operate a dividend investment plan. Dividends paid during the year were as follows: Dividend Date paid Unfranked dividend per share US$ Total dividend US$ Final Dividend for Year Ended 30 June 2020 09/10/2020 1.07 cents $484.7m InterimDividend for Year Ended 30 June 2021 01/04/2021 1.04 cents $473.3m 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. Developments in operations in future years and expected results The OFR sets out information on CSL’s business strategies and prospects 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. 8. Significant changes Other than as disclosed in the Annual Report, the directors are not aware of any significant changes in the consolidated entity’s state of affairs during the year or to the Group’s principal activities during the year. Other than Ms Watkins joining the CSL Board from 19 August 2021 and information as disclosed in the financial statements, the directors are not aware of any other matter of circumstance which has arisen since the end of the financial year which has significantly affected or may significantly affect the operations of the consolidated entity, results of those operations or the state of affairs of the consolidated entity in subsequent financial years. CSL Limited Annual Report 2020/21 69