DIRECTORS’ REPORT Continued 15.REMUNERATION REPORT 19. NON-AUDIT SERVICES The Remuneration Report, which forms part of this Directors’ The Company may decide to employ its external auditor on Report, is presented separately frompage 25. assignments additional to its statutory audit duties where the 16. INDEMNIFICATION AND INSURANCE OF auditor’s expertise and experience with the Company and/or the Group are important. DIRECTORS AND OFFICERS Details of the amounts paid or payable to the auditor (PwC) for The Company’s Constitution requires the Company to indemnify audit and non-audit services provided during the year are set out current and former directors, alternate directors, executive in the Financial Statements (at note H5). officers and officers of the Company on a full indemnity basis The Board has considered the position and, in accordance with and to the full extent permitted by the law against all liabilities advice received from the Audit, Finance and Risk Committee, is incurred as an officer of the Group, except to the extent covered satisfied that the provision of the non-audit services is by insurance. Further, the Company’s Constitution permits the compatible with the general standard of independence for Company to maintain and pay insurance premiums for director auditors imposed by the Corporations Act 2001 . The directors and officer liability insurance, to the extent permitted by law. are satisfied that the provision of the non-audit services by the Consistent with (and in addition to) the provisions in the auditor did not compromise the auditor independence Company’s Constitution outlined above, the Company has also requirements of the Corporations Act 2001 for the following entered into deeds of access, indemnity and insurance with all reasons: directors of the Company which provide indemnities against losses incurred in their role as directors, subject to certain • all non-audit services have been reviewed by the Audit, exclusions, including to the extent that such indemnity is Finance and Risk Committee to ensure that they do not prohibited by the Corporations Act 2001 (Cth) or any other impact on the impartiality and objectivity of the auditor; and applicable law. The deeds stipulate that the Company will meet • none of the services undermine the general principles the full amount of any such liabilities, costs and expenses relating to auditor independence as set out in APES 110 (including legal fees).During the financial year, the Company Code of Ethics for Professional Accountants. paid insurance premiums for a directors’ and officers’ liability 20.AUDITOR’S INDEPENDENCE insurance contract that provides cover for the current and former directors, alternate directors, secretaries, executive officers and DECLARATION officers of the Company and its subsidiaries.The directors have A copy of the auditor’s independence declaration as required not included details of the nature of the liabilities covered in this under section 307C of the Corporations Act 2001 is attached to contract or the amount of the premium paid, as disclosure is this Directors’ Report. prohibited under the terms of the contract. The Group’s auditor is PricewaterhouseCoopers (PwC). No payment has been made 21 .ROUNDING OF AMOUNTS to indemnify PwC during or since the financial year end. No premium has been paid by the Group in respect of any The Company is of a kind referred to in ASIC Corporations insurance for PwC. No officers of the Group were partners or (Rounding in Financial/Directors’ Reports) Instrument 2016/191 directors of PwC whilst PwC conducted audits of the Group. relating to the ‘rounding off’ of amounts in the Directors’ Report and, in accordance with that instrument, amounts in the 17.PROCEEDINGS ON BEHALF OF THE Directors’ Report have been rounded off to the nearest thousand COMPANY dollars, or in certain cases, to the nearest dollar. No person has applied to the court under section 237 of the 22.ANNUAL GENERAL MEETING Corporations Act 2001 for leave to bring proceedings on behalf The Annual General Meeting of the Company will be held on of the Company, or to intervene in any proceedings to which the Friday 30 November 2018. Company is a party, for the purpose of taking responsibility on behalf of the Company for all or part of those proceedings. The Directors’ Report is made in accordance with a resolution of No proceedings have been brought or intervened in on behalf of directors. the Company with the leave of the court under section 237 of the Corporations Act 2001 . 18.ENVIRONMENTAL REGULATION The Group is subject to and has complied with the reporting and compliance requirements of the National Greenhouse and Energy Reporting Act 2007 (Cth) (NGER Act). Garry Hounsell The NGER Act requires the Group to report its annual Chairman greenhouse gas emissions and energy use. The Group has Melbourne, 11 September 2018 implemented systems and processes for the collection and calculation of the data required. In compliance with the NGER Act, the Group submitted its ninth report to the Clean Energy CORPORATE GOVERNANCE STATEMENT Regulator in October 2017 and is due to submit its tenth report by 31 October 2018. To view our Corporate Governance Statement please visit No significant environmental incidents have been reported myer.com.au/investor. internally, and no breaches have been notified to the Group by any government agency. The Group is a signatory to the Australian Packaging Covenant, which is a national co-regulatory initiative in place of state-based regulatory arrangements for sustainable packaging management. Members are required to adhere to the covenant commitments, which include development and implementation of an action plan and report annually on progress. Myer submitted its 11thannual report in April 2018. Myer Annual Report 2018 23