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Murray Stroller is analysing the board of tyre manufacturer LackinGrip, which is in the ASX300. He compiles the following information: Name Mr Graham Hill

Murray Stroller is analysing the board of tyre manufacturer LackinGrip, which is in the ASX300. He compiles A) Briefly describe any shortcomings/flaws of this board with respect to independence. B) Two of the

Murray Stroller is analysing the board of tyre manufacturer LackinGrip, which is in the ASX300. He compiles the following information: Name Mr Graham Hill Mr Damon Hill Mr Nino Farina Mr Juan Manuel Fangio Mr Alberto Ascari Mr Mike Hawthorn Mr Jack Brabham Mr Jim Clark Title (per company disclosures) Non-executive 29 chair Tenure Other (years) ASX- listed company roles CEO/Managing 25 director Non-executive director 50 Non-executive 4 director Non-executive 6 director Non-executive 8 director Non-executive 1 director Non-executive 0 director 2 1 5 (4 of these are chair roles) 2 2 Skills and experience Financial services Accounting Managing tyre manufacturing company. companies Opera singer Accounting Other information Lawyer Graham is Damon's father. Cyber security Fangio buys Lackin Grip tyres for his daughter's car from the local tyre. outlet. Investment banker Damon owns 25% of the Farina worked at LackinGrip until last year as CFO. Hawthorn is Damon Hill's godfather. To help the business Brabham was granted performance rights which vest if the company hits profit hurdles. A) Briefly describe any shortcomings/flaws of this board with respect to independence. B) Two of the directors (Nino Farina and Juan Manuel Fangio) are up for re-election. As an ESG investor state whether you would vote for or against each of these directors and give your reasons for doing so in the context of the overall board.

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