IMF Bentham Limited Annual Report 2018

Directors’ Report continued Hugh McLernon Executive Director Hugh McLernon is a lawyer by training. He holds a Bachelor of Laws degree from the University of Western Australia. After graduation he worked as a Crown Prosecutor for eight years and then as a barrister at the independent bar for a further nine years, before joining Clayton Utz for three years as a litigation partner. In 1988, Mr McLernon retired from legal practice and introduced the secondary life insurance market into Australia through the Capital Life Exchange. He also pioneered the funding of large-scale litigation into Australia through McLernon Group Limited. From 1996 to 2001, Mr McLernon was the managing director of the Hill Group of companies which operates in the finance, mining, property, insurance and investment arenas of Australia. Mr McLernon has been an executive director of IMF since December 2001 and was the inaugural managing director through to December 2004. He became the managing director again on 18 March 2009 and retired from that role on 5 January 2015. During the past three years he has not served as a director of any other listed company. Michael Bowen Non-Executive Director Michael Bowen graduated from the University of Western Australia with Bachelors of Laws, Jurisprudence and Commerce. He has been admitted as a barrister and solicitor of the Supreme Court of Western Australia and is a Certified Practicing Accountant of CPA Australia. Mr Bowen is a partner of the law firm DLA Piper practicing primarily corporate, commercial and securities law with an emphasis on mergers, acquisitions, capital raisings and resources. Mr Bowen was appointed to the board as a non-executive director in December 2001 and is chair of the remuneration committee, chair of the audit and risk committee and a member of the corporate governance committee and nomination committee. Mr Bowen is also a non-executive director of Trek Metals Limited (appointed 22 February 2017). During the past three years he has not served as a director of any listed company other than IMF Bentham Limited and Trek Metals Limited. 36