Board

ePAL’s Board consists of three independent directors, the managing director and eight directors nominated by our Members. The Board represents a broad cross section of experience from within the payments industry, banking and finance, and other consumer-based industries. Our Chairman, Mr Bruce Rathie, brings a wealth of experience to ePAL. He is also the current chairman of DataDot Technology Limited and holds Non-Executive Director roles in USCOM Limited, Calzada Limited, Capricorn Society Limited and Mungana Goldmines Limited.

Board Structure

The Board is currently comprised of eight member-appointed Directors, three Independent non-executive Directors and a Managing Director who bring with them a broad range of skills, expertise and experience from a diverse range of backgrounds. The composition of the Board is determined using the following principles:

• The Chairman of the Board is an independent non-executive Director;
• No Director can be a director of another card payment scheme;
• The roles of the Chair and CEO are not exercised by the same person;
• The Board has adopted a definition of Independent Director for the three current Independent Directors which is consistent with that set out in Recommendation 2.1 of the Corporate Governance Principles and Recommendations (2nd Edition) August (2007) and is assessed on an ongoing basis.

Details of Directors skills, experience and expertise relevant to their position are set out in the Board of Directors Section.

The Independent Directors are paid by the Company for their services as Directors.