Newcrest Mining Limited - Newcrest announces independent advisor to review disclosure practices

Newcrest Mining Limited - Newcrest announces independent advisor to review 
disclosure practices 
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 AustraliaTaiwan 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 SingaporeAustralia 
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.

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

SOURCE: Newcrest Mining Limited

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CO: Newcrest Mining Limited
NI: MNG 2575 WNEWS 

-0- Jun/25/2013 04:06 GMT


 
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