REA Group Ltd Annual Report 2021

REA Group Ltd | Annual Report 2021 Directors’ Report The Directors present their report together with the Financial Statements of the consolidated entity (“the Group” or “REA”), being REA Group Ltd (the “Company”) and its controlled entities, for the year ended 30 June 2021 and the Independent Auditor’s Report thereon. Meetings of directors The number of Board and Committee meetings held during the year and the number of meetings attended by each Director are disclosed in the following table: Board Meetings 1 Audit, Risk & Compliance Committee 2 Human Resources Committee 2 Director A B A B A B Hamish McLennan 25 25 – 7* 9 9 Owen Wilson 25 25 – 7* – 9* Kathleen Conlon 25 23 7 7 9 9 Nick Dowling 25 24 – 3* 9 9 Tracey Fellows 25 25 – 2* – 9* Richard J Freudenstein 25 22 7 6 9 9 Michael Miller 25 25 – – – 1* Jennifer Lambert (appointed 1 December 2020) 18 18 3 3 5 5 Roger Amos (retired 17 November 2020) 6 6 4 4 4 4 Column A: number of meetings held while a member. Column B: number of meetings attended. 1. From time to time the Board also establishes ad hoc committees to support the Board in carrying out its responsibilities. During the 2021 financial year, the Board established several subcommittees to oversee various matters, including M&A proposals. Membership of these subcommittees varied. A total of 20 subcommittee meetings were held during the year. 2. Committee meetings are open to all Directors to attend. Where a Director has attended a meeting of a Committee of which he or she was not a member, this is indicated by *. Principal activities REA provides property and property-related services on websites and mobile apps across Australia and Asia. The purpose of the Group is to ‘change the way the world experiences property’. It fulfils this purpose by: – Providing digital tools, information and data for people interested in property. REA refers to those who use these services as ‘consumers’ – Helping real estate agents, developers, property-related businesses and advertisers promote their services. REA refers to those who use these services as ‘customers’ – Helping consumers finance their property needs through a multi-channel digital and broker proposition. REA’s growth strategy is centred around four core objectives: – Providing our customers with access to the largest and most engaged audience of property seekers – Delivering unparalleled customer value – Providing the richest content, data and insights to empower our customers and consumers throughout their property journey – Creating the next generation of property and property-related marketplaces. Further details are set out in the business strategies and future developments section of this Directors’ Report. 30 Directors’ Report