Board Role and Membership
The role of the Board of Directors is generally to set objectives and goals for the operation of the Company, to oversee the Company's Management, to regularly review performance and to monitor the Company's affairs in the best interests of the Company.
For these responsibilities, the Board is accountable to its shareholders as owners of the Company.
The Board has approved a comprehensive Board charter governing its operation. Please click on the link below to view the full Board charter:
Board charter 
The Company's corporate objective is to invest in Australian equities with a focus on stocks where there is an active options market and provide shareholders with attractive investment returns through access to a steady stream of fully franked dividends and enhancement of capital invested.
In this regard the Company's primary goals are:
- to pay an enhanced level of dividends; and
- to provide attractive total returns over the medium to long term
Board Membership
The Board is comprised of a non-executive Chairman, Deputy Chairman, Managing Director and 5 non-executive directors.
Selection of directors to fill vacancies, and their nomination for election at the next meeting of shareholders, is a matter for the Board on recommendation from the Nomination Committee. Matters considered by the Board include the Company's diversity needs, the ability of the director to contribute towards achievement of the Company’s goals, breadth of business experience and knowledge of the Australian investment scene.
The directors meet formally as a Board at least eleven times per year. Additional commitment of time is required for committee meetings described below.
Board Profiles
Bruce B Teele
BSc BCom (Melb). Chairman and Non-Executive Director. Chairman of the Investment Committee. Member of the Nomination Committee.
Mr Teele has been Chairman of the Company since commencement of operations in 1989. He is also Chairman of Australian Foundation Investment Company Limited (AFIC) and AMCIL Limited. He was formerly the Executive Chairman of the JBWere Group.
Ross E Barker
BSc (Hons) MBA (Melb) F Fin. Managing Director and Member of the Investment Committee. Managing Director of the Company’s associated entity, Australian Investment Company Services Limited (AICS).
Mr Barker has been a Director of the Company since May 1988 and was appointed Managing Director in February 2001. He is also Managing Director of AFIC, AMCIL Limited and Mirrabooka Investments Limited.
Peter Barnett
FCPA. Independent Non-Executive Director.
Mr Barnett is a company Director who was appointed to the Board in October 2007. He is a Director of AMCIL Limited. He is a former Director of Mayne Group Limited and Santos Limited and a former member of the advisory council of ABN Amro Australasia Limited.
Terrence A Campbell AO
AO BCom (Melb). Non-Executive Director. Member of the Investment Committee.
Mr Campbell has been a Director since November 1989. He is Senior Chairman of Goldman Sachs Australia and New Zealand (formerly Goldman Sachs JBWere) and Advisory Director of Goldman Sachs. Mr Campbell was formerly Chairman and Chief Executive of Goldman Sachs JBWere. He is also Chairman of Mirrabooka Investments Limited, Deputy Chairman of Australian Foundation Investment Company Limited (AFIC) and a Director of AMCIL Limited.
Andrew F Guy
LLB MBA. Independent Non-Executive Director. Chairman of the Audit Committee. Member of the Investment Committee and the Nomination Committee. He is also a Director of the Company’s associated entity, AICS.
Mr Guy is a company Director who was appointed to the Board in December 1989. He is a Director of an ANZ responsible entity and trustee, ANZ Specialist Asset Management Limited. He is a former Director of Aviva Australia Holdings Limited and PaperlinX Limited and a former Partner and Managing Partner of Arthur Robinson & Hedderwicks (now Allens Arthur Robinson).
Graham J Kraehe AO
AO B Econ (Adel). Independent Non-Executive Director. Chairman of the Nomination Committee. Member of the Audit Committee.
Mr Kraehe is a company Director who was appointed to the Board in July 2002. He is Chairman of BlueScope Steel Limited and Brambles Limited and a Director of the Reserve Bank of Australia. He is a former Chairman of National Australia Bank Limited and a former Director of News Corporation Limited. He is also a former Managing Director and Chief Executive Officer of Southcorp Limited.
John Paterson
BCom (Hons) (Melb) CPA F Fin. Deputy Chairman and Independent Non-Executive Director. Member of the Audit Committee, the Investment Committee and the Nomination Committee. Chairman of the Company’s associated entity, AICS.
Mr Paterson is a company Director who was appointed to the Board in July 2002 and appointed Deputy Chairman in September 2009. He is also a Director of AFIC. He was formerly a Director of Goldman Sachs JBWere and is a former member of the Board of Guardians of Australia’s Future Fund.
Alice J M Williams
B.Com, FCPA, FAICD, CFA, ASFA AIF. Independent Non-Executive Director. Member of the Investment Committee.
Ms Williams was appointed to the Board in May 2010. Ms Williams is a Director of Equity Trustees Limited, Guild Group and Defence Health and is a council member of Anti-Cancer Council Victoria. She was formerly a Director of Airservices Australia, State Trustees Limited, Victorian Funds Management Corporation, Western Health, the Australian Accounting Standards Board, Telstra Sale Company and V/Line Passenger Corporation. She previously held senior management positions in the financial services sector including NM Rothschild and Sons (Australia) Limited and JP Morgan Australia.