Director's report

DIRECTORS The names and details of the company’s directors in office during the financial year and until the date of this report are as follows. All directors were in office for the entire year unless otherwise stated. ARTHUR MACEDON (DON) HEATLEY(Chairman) Director since 1998 Mr Heatley is a Queensland beef producer and a past member of the Cattle Council of Australia. He operates cattle breeding and fattening properties in North Queensland. His production focus is the US and Japanese beef markets and the live cattle export trade. During 2007 Mr Heatley was Chairman of the Selection Committee. Mr Heatley has been Chairman of MLA since 2005. DAVID WILLIAM PALMER (Managing Director) Grad Dip Mgmt (AGSM) Director since 2006 Prior to becoming the company’s Managing Director, Mr Palmer was MLA’s regional manager for North America and has held several positions with both MLA and its predecessor organisation, Australian Meat & Live-Stock Corporation. Previously he was Executive Director of the Cattle Council of Australia. Mr Palmer comes from a livestock production background. Mr Palmer is a Director of AUS-MEAT Limited and MLA Donor Company Limited. BERNARD (BERNIE) MICHAEL BINDON BRur Sc, MRur Sc, DRur Sc (NE), PhD (Syd), FASAP, FAAABG Director since 2006 Professor Bindon was the Chief Executive Officer of the Cattle and Beef CRC from 1993 until 2005. Prior to this he spent 31 years in various senior positions with CSIRO livestock research.He has been recognised for his contribution to the beef industry through the Beef Improvement Association’s Howard Yelland Award (2000) and the Rural Press/Rabobank Beef Achiever of the Year Award (2005). Professor Bindon is a member of the Audit and Selection Committees. PETER RODERICK BOYDEN BSc (Maths) Director since 2005 Mr Boyden is the Managing Director of Boyden & Associates (a business mentoring, planning and strategic development consultancy) and a mentoring faculty member of Merryck & Co (a specialist senior executive mentoring business). Previously Mr Boyden was the Managing Director of Unilever Australasia Foods, Executive Director of the Australian Food and Grocery Council, and Marketing Director for Unilever Australasia. He is a non-executive director of Foods Standards Australia New Zealand, Dairy Innovation Australia and Stuart Alexander Pty Ltd. Mr Boyden was a member of the Selection Committee during the year and is Chairman of the Remuneration Committee. MICHAEL CARROLLB Ag Sc, MBA, MAICD Director since 2007 Mr Carroll serves a range of agribusiness companies in a board and consulting capacity. Previously Mr Carroll worked for National Australia Bank (NAB) in a number of roles, including being responsible for establishing and leading NAB’s Agribusiness division. Mr Carroll comes from a family which has been involved in farming for over 130 years and has his own property in western Victoria. Mr Carroll is a member of the Audit and Selection Committees. LUCINDA LEE FLINDERS CORRIGAN B Sc Agr (Hons 1) FAICD Director since 2007 Ms Corrigan is currently a director and partner of Rennylea Pastoral Company, a leading beef genetics business in southern New South Wales that produces Angus seedstock for high quality national and international markets. Previously she was extensively involved in the CRC for Plant Based Management of Dryland Salinity, the CRC for Cattle and Beef Quality and the Beef CRC as a committee member and a board member. Ms Corrigan is currently the Deputy Chair of the CRC for Future Farm Industries. Ms Corrigan is Chair of the Membership Committee and a Director of MLA Donor Company Limited. The Board of Directors of Meat & Livestock Australia Limited (“MLA” or “the Company”) has pleasure in submitting its report for the financial year ended 30 June 2008. (LEFT TO RIGHT) Michael Carroll, Peter Trefort, Christopher Hudson, Peter Boyden, David Palmer, Don Heatley, John Wyld, Bernie Bindon, Lucinda Corrigan, Paul Troja and Jay Simms