Page 113 - Annual Report 2020

Strategic Report

2

Governance at BHP

Board composition Executive Leadership team renewal
The Board has 12 members, including the CEO. I am a proponent The Board appointed Mike Henry as BHP’s new Chief Executive Remuneration Report
of a relatively small Board. However, for a company like BHP, Officer (CEO) in January, replacing Andrew Mackenzie. Mike
which has four key Board Committees, a Board size of 10 to 12 is a strong advocate for the resources industry, driving higher
is appropriate. In addition, diversity remains a focus, and BHP standards of safety and contributing to our local communities
has an aspirational goal to achieve gender balance by CY2025. and global stakeholders. He is committed to unlocking and
We have previously stated that we were searching for an additional accelerating greater value in our assets and operations. In doing
Non-executive Director with mining experience. Gary Goldberg, so he will make BHP safer, leaner, high performing and future fit.
Andrew was instrumental in turning BHP into a simpler and more
who has more than 35 years of global mining industry experience,
including in executive, operational and strategic roles, joined the productive company, and one that is financially stronger and
sharply focused on value for shareholders and society. I would
Board on 1 February 2020. like to thank Andrew for his outstanding contribution as CEO. Directors’ Report
When we updated our Board Skills and Experience Matrix in
2018, we identified a need to further deepen the understanding Conclusion
of technology on our Board, and we focused on attracting Transparency and listening to our stakeholders help us make better
that experience. As a result, in May 2020 we announced the decisions. During the past year, I have continued to meet with
appointment of Dion Weisler and Xiaoqun Clever. many of our institutional shareholders along with members
Dion Weisler was appointed with effect from 1 June 2020. Dion has of our retail shareholder base. Direct engagement with investors
remains invaluable to the Board and the management of BHP.
extensive global executive experience, including in chief executive
officer and operational roles. He served as the President and Chief I continue to visit as many of our operations as I can. These visits
Executive Officer of HP Inc. from 2015 to 2019. He has public reinforce the quality of BHP’s assets and people, which gives me
company board experience, having recently joined the board of confidence we can create long-term value for our shareholders.
Intel Corporation and as a Director of Thermo Fisher Scientific, Inc. Financial Statements
since 2017 and HP Inc. from 2015 until 2019.
Xiaoqun Clever will join the Board on 1 October 2020. Xiaoqun
has over 20 years of global experience in technology with a focus
on software engineering, data and analytics, cybersecurity and Ken MacKenzie
digitalisation. She held various roles with SAP SE, Ringier AG Chair
and ProSiebenSat.1 Media SE. She currently serves on the board
of Capgemini SE, Infineon Technologies AG and Amadeus IT
Group SA.
I would also like to acknowledge Lindsay Maxsted and Shriti Vadera
– members of the Board for more than nine years. Lindsay will retire Additional information
on 4 September this year and Shriti will retire, as planned, at this
year’s Annual General Meeting. On behalf of the Board, I thank
Lindsay for his counsel and for his exceptional contribution to the
Board and as Chair of the Risk and Audit Committee. I also thank
Shriti for her support to me as Senior Independent Director and her
commitment to our shareholders through her regular engagement.
Shriti has made an outstanding contribution to BHP. Shareholder information

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