Newcrest Mining Limited - Newcrest announces independent advisor to review ...

MELBOURNE, Victoria, June 25, 2013 /CNW/ – The Board of Newcrest Mining

Limited today announced the appointment of former Australian Securities

Exchange Chairman, Dr Maurice Newman AC, to conduct an independent

review of the Company’s disclosure and Investor Relations practices.

Newcrest Chairman, Don Mercer, said the Newcrest Board was deeply

concerned about the criticism of the Company, as reported in the media,

regarding its interaction with the market and disclosure prior to the

Company’s market release on 7 June 2013.

“Newcrest takes its disclosure obligations extremely seriously. Whilst

the Board is already reviewing events leading up to 7 June 2013, we

have decided to obtain an independent perspective,” Mr Mercer said.

“Dr Newman is eminently qualified to conduct the independent review for

the Newcrest Board.  His career spans 40 years in stockbroking and

investment banking, both in senior executive and directorial roles.  He

has been Chairman of the Australian Securities Exchange (ASX) and the

Australian Broadcasting Corporation, and has been an advisor to

Australian State and Federal Governments.  The full resources of the

Company will be made available to Dr Newman so that he is able to

conduct a full and thorough review. We look forward to receiving Dr

Newman’s findings and any recommendations he may make.”

The independent review will:

• 
  Review the Company’s continuous disclosure and Investor Relations
  
  processes and practices;
  


• 
  Review compliance with relevant internal Company policies and
  
  procedures; and
  


• 
  Make recommendations in relation to any improvements or changes that
  
  might be required to address any issues identified.
  

Dr Newman will target providing his report to the Board as soon as

practically possible.

“The Board will consider all findings and recommendations of the

review.  If steps are required to be taken as a result of the review of

these matters, the Board will ensure that this occurs without delay.  I

intend to report publicly on any resulting actions we decide are

necessary,” Mr Mercer said.

Newcrest Chief Executive Officer, Greg Robinson, said Dr Newman’s review

would receive complete cooperation and support from Company management.

Mr Robinson also confirmed that the Company would continue to cooperate

fully with any and all information requests and queries from the

responsible regulators, including the ASX and the Australian Securities

Investments Commission.

DR MAURICE L NEWMAN AC, HonDBus Macq, FSIA, FSAA, FAICD

Maurice Newman retired as Chairman of the Australian Broadcasting

Corporation (ABC) in December 2011, and as Chairman of the Australian

Securities Exchange (ASX Limited) in September 2008.

His career spans forty years in stockbroking and investment banking,

including as Managing Director in 1984, and Executive Chairman from

1985 until 1999, of what is now the Deutsche Bank Group in Australia. 

He was Chairman of the Deutsche Bank Asia Pacific Advisory Board and a

Director of Deutsche Bank Asia Pacific from 1999 to 2001.  He was also

Chairman of Deutsche Asset Management (Australia) Limited from 1997

until 2000.  Dr Newman retired from Deutsche Bank in July 2001.

Dr Newman served as Chancellor of Macquarie University from 2002 to
February 2008.

Dr Newman has chaired a number of Asian business alliances including the

East Asia and Oceania Stock Exchange Federation, and the Australia
Taiwan Business Council.

He has been an adviser to Australian governments, State and Federal, as

a member of the Consultative Committee on Relations with Japan

(1984-1987);  a Commissioner of the National Commission of Audit

(1996); a member of the Business Advisory Panel established by the

Minister for Multicultural Affairs (1997 – 2002);  Chairman of the

National Judging Panel for Innovation in Local Government (1997-1998); 

Chairman of the Commonwealth Government’s National Year 2000 Steering

Committee (1997-2000) and the Business Mature Age Workforce Advisory

Group (2000-2001); Co-Chair of the Singapore Australia Business

Alliance Forum (1999 – 2002);  Chairman of the Federal Treasurer’s

Financial Sector Advisory Council (1998 – 2007);  Member of the New

South Wales Premier’s Major Events Board (2002 – 2004);  Chairman of

the Sydney Convention Visitors Bureau (2001 – 2007); and Chairman of

Tourism NSW (2002 – 2007).

Dr Newman was also Chairman of the Sydney Legacy Citizen’s Committee

(1998 – 2004); and Civil Patron, Royal Australian Naval Reserves,

Professional Studies Program (2005 – 2009).

In 1997, he was Australia’s Private Sector Representative to the First

Commonwealth Heads of Government Meeting Business Forum held in London;

and in 1999 led a delegation of senior Australian executives to New

York promoting Australia, the Dynamic Success Story of the Asia Pacific – A Centre for

Global Financial Services.

Dr Newman is currently Chairman of Melon Pastoral Pty Ltd; Macquarie

University Foundation; Taronga Foundation; The Bradman Foundation; and

The Australian Fathers’ Day Council; Director, Queensland Investment

Corporation; Advisor to the MMC Group of Companies; Trustee Sydney

Cricket Sports Ground Trust; and Patron of CEDA.

He was appointed to the MARQ Services Advisory Board, in August 2012,

and Honorary Professor in Public Diplomacy at the Soft Power Advocacy

Research Centre, Macquarie University in September 2012.

From September 2013, Dr Newman has been appointed Chairman-elect of the

proposed Prime Minister Abbott’s Business Advisory Council

This information is available on our website at www.newcrest.com.au and at www.sedar.com.

SOURCE: Newcrest Mining Limited

For further information:

Investor Enquiries – North America / Europe
Steve Warner
T:   + 1 212 351 5064
E: steve.warner@newcrest.com.au

Investor Enquiries – Australia / Asia
Spencer Cole
T:  +61 3 9522 5316
E:  spencer.cole@newcrest.com.au

Media Enquiries
Kerrina Watson
T: +61 3 9522 5593
E:  kerrina.watson@newcrest.com.au

Newcrest Mining Limited - Newcrest announces independent advisor to review ...