Axiom 2014 Annual Report - page 35

33
2014 Annual Report
Directors’ Report
Your directors present their report on the consolidated
entity (referred to herein as the “Group”) consisting of
Axiom Mining Limited (“The Company” or “Axiom”)
and its controlled entities for the financial year ended
30 September 2014.
Directors
The following persons were Directors of the Company
during the year and to the date of this report:
Stephen Ray Williams
(LLB, Solicitor of the Supreme court of NSW and High
Court of Australia, and Member of the Australian
Institute of Company Directors)
Chairman and Non-Executive Director (Aged 61)
Stephen is a corporate lawyer by profession and is an
experienced director and chairman of public companies
from Initial Public Offering through to maturity.
Since his appointment, Stephen has overseen the
implementation of best practice in corporate governance
and has also ensured that the expertise of the Board has
been channelled to the appropriate areas of the business.
He has played an integral role overseeing recent business
development in the Solomon Islands.
Other current directorships:
––
Australian Careers Network Limited – (Chairman and
Non-Executive Director)
––
Sydney Church of England Grammar (Shore School
Sydney) – (Chairman)
Former directorships:
––
Prime Ag Australia Limited (Non-Executive Director)
––
Coffey International Limited (Non-Executive Director
and Chairman)
Ryan Richard Mount
Executive Director and Chief Executive Officer (Aged 35)
Ryan Mount joined the Axiom Mining Board as a Director
in April 2009. Following his appointment, he led the
crucial restructure of the company – an exercise that
saw Axiom gain full control of the company’s assets,
define a clear strategic direction, appoint a new Board
and management team and a listing on the Australian
Securities Exchange (“ASX”) by December 2009.
In mid-2010, Ryan accepted the Board’s offer of the CEO
position. Since his appointment, he has been relentless in
driving and refining Axiom’s operations, and as a result,
key components of the business plan have been achieved.
Ryan led the pursuit of the world-class Isabel nickel
deposit in the Solomon Islands, which included securing
title to the deposit in Axiom’s favour after a three year
High Court battle.
He has an extensive background in Australian and
international financial markets, as well as corporate
advisory. Ryan is also a member of the Australian
Institute of Company Directors.
Other directorships:
––
Nil
The following person was a Director of the Company from
the beginning of the year but resigned during the year:
––
Mr Anthony Faillace—resigned in February 2014
Directors’ Shareholdings
The following table sets out each director’s relevant
interest in shares and rights or options in shares of the
Company or a related body corporate as at the date of
this report:
Directors
Fully paid
ordinary
shares
Number
Share rights
Number
Stephen Ray Williams
2,500,000 12,500,000
Ryan Richard Mount
16,914,950 100,000,000
Except as disclosed in Note 20 to the financial
statements, at no time during the year was the Company
or any of its subsidiaries a party to any arrangement to
enable the Directors of the Company to acquire benefits
by means of the acquisition of shares in or debentures of
the Company or any other body corporate.
Directors’ Interests in Contracts
Except as disclosed in Note 20 to the financial statements,
no contracts of significance to which the Company or any
of its subsidiaries was a party, and in which Directors of
the Company had a material interest, subsisted at the end
of the year or at any time during the year.
Directors’ Meetings
During the year the Company held two meetings of
Directors. The attendances of Directors at meetings of
the Board of Directors were:
Directors’ meetings
Directors
A
B
Stephen Ray Williams
2
2
Ryan Richard Mount
2
2
Anthony Faillace
–
–
Notes:
A – Number of meetings attended.
B – Number of meetings held during the time the Director held
office during the year.
GROUP FINANCIAL REPORT
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