Page 123 - Annual Report 2020

Key matters considered by the Board during FY2020 are outlined below.
Chair’s matters Board composition, succession CEO succession
planning, performance and culture CEO transition update Strategic Report
Approval of the appointment of the new CFO
Committee succession
Board composition and succession
Board evaluation
Inclusion and diversity update and FY2020 targets
Corporate governance updates
Board culture framework 2
Strategic matters Capital allocation Dividend policy and dividend recommendations
(CAF, capital prioritisation and Capital prioritisation and portfolio development options
development outcomes)
Capital execution watch list
Funding COVID-19 financial impacts, balance sheet and forecasts Governance at BHP
(annual budgets, balance sheet Two-year budget
management, liquidity management)
Funding updates
Portfolio COVID-19 update – including safety measures, wellbeing steps, workforce planning
(Group scenarios, commodity and community support
and asset review, growth options, Portfolio review – options and alternatives
approving commitments, capital
and non-capital items and acquisitions Risk Appetite Statement
and divestments above a specified Climate change scenarios and stakeholder analysis
threshold, and geopolitical and Climate change – medium-term target, Scope 3 emissions, investment fund Remuneration Report
macro-environmental impacts)
Circular economy
Samarco strategy, funding and communications
Germano dam decommissioning
Energy Coal review
Petroleum plan
Jansen Potash project
Trinidad and Tobago gas
Resolution Copper project
Mexico Trion project update Directors’ Report
Rail technology
Economic and geopolitical risk
Escondida and Spence power purchase agreements
Social value and other Social value update
significant items Industry associations review
Shareholder requisitioned resolutions
World Class Functions
Vendor rationalisation
Culture and capability
EPS survey and COVID-19 wellbeing survey Financial Statements
Monitoring and Includes matters and/or documents Tailings dams updates
assurance matters required by the Group’s constitutional Investor relations reports
documents, statute or by other
external regulation CEO reports, including CEO transition
HSEC reports
RAC report-outs
Sustainability Committee report-outs, including site visit report-outs
Nomination and Governance Committee report-outs
Remuneration Committee report-outs
Approval of the CEO’s remuneration Additional information
Reviewing and approving the Annual Reporting suite
Site visits Shareholder information

BHP Annual Report 2020 121