Setting direction and empowering leadership

BlueScope's commitment to strong governance starts with the Board.

The Board ensures there are clear accountabilities for oversight and implementation of strategies designed to achieve our business objectives and deliver on commitments to our many stakeholder communities.

BlueScope's Board is accountable for ensuring a prudent level of risk is undertaken in all Company activities, achieving a balance between:

• the generation of rewards for shareholders who invest their capital;
• the supply of goods and services of value to the Company's global customers; and
• the provision of meaningful employment for employees in a way which contributes to the welfare of the community.

The Board sets direction, strategies and financial objectives, and empowers management to lead and govern the Company on a day-to-day basis according to a governance framework of standards, structures and accountabilities. The Board also ensures that the necessary resources are in place to meet objectives and that performance is regularly assessed and monitored.

The actions of the Board and Directors are governed by the following:

• Constitution of BlueScope Steel Limited
• Board Charter
• Director Independence Policy
• Corporate Governance Statement & Appendix 4G
• Procedure for Selection and Appointment of New Directors - Summary
• Board Performance Evaluation - Overview