Prof. Murray Wells

Professor Murray Wells Director
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The Board maintains an Audit Committee which comprises Professor Murray Wells as its Chairman, Mr Peter Ritchie AO and Mr Peter Gammell.
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Professor Wells and Mr Ritchie are Independent Directors and Mr Gammell is a Non-Independent Director.
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Professor Wells is an Emeritus Professor of Accounting, University of Sydney.
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The Risk and Compliance Committee comprises Mr Peter Ritchie AO as its Chairman, Professor Murray Wells, Mrs Dulcie Boling and Mr Bruce McWilliam.
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The Internal Audit Committee comprises Professor Murray Wells as its Chairman (also Chairman of the Audit Committee), and Mr Peter Gammell.
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Professor Murray Wells has previously been engaged as an independent consultant to compensate him for the exceptional contribution in both time and experience in relation to his responsibilities as Chairman of the Audit and Internal Audit Committees, capital management and restructure, regulatory and compliance issues, review of investment opportunities and as Board Ombudsman. In order to ensure that his status as an Independent Director is not compromised, the Board has determined, under Article 11.17 of the Constitution that his compensation be paid out of the aggregate maximum payable to Directors.

Emeritus Professor Murray Wells
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Emeritus Professor Murray WellsEmeritus Professor Murray Wells

Emeritus Professor of the University of Sydney
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Murray Wells is an Emeritus Professor of the University of Sydney.He was a Professor of Accounting, Dean of the Faculty of Economics and Foundation Director of the Graduate School of Business in the University of Sydney.He was a lecturer in Accountancy at the University of Canterbury from 1964 to 1967.He was President of the International Association for Accounting Education and Research from 1987 to 1992 and was made an Honorary Life Member in 2002.He is a Director of Seven Network Ltd and Kaplan Higher Education Pty Ltd.He was a Director of Telstra Corporation Ltd from 1989 to 1994.

He was Chairman of the Australian National Business School from 1992 to 2001 and of B Digital Ltd from 1999 to 2004.He was the Australian Accountant of the Year (Academia and Government) in 1993 and the American Accounting Association's 1983 International Distinguished Visiting Lecturer and 1995 Outstanding International Accounting Educator.He was the Ernst and Young Professor of Accounting in the University of Sydney from 1983 to 1992 and the James Cusator Wards Visiting Professor at the University of Glasgow, the Arthur Andersen Gästprofessor at Universität Hohenheim (Stuttgart) and the Curtius Visiting Professor at Universität Seminar der Wirtschaft (Schloss Gracht, Germany).

He has lectured at universities in the USA, UK, Germany, Italy, Korea, Japan, Malaysia, Papua New Guinea, New Zealand and Fiji.He won the Hourglass Award (Academy of Accounting Historians) for the best book on accounting history in 1979 for his book "Accounting for Common Costs" and was editor of the international journal Abacus for 20 years.

Murray has served on the NSW Science and Technology Council, he was NSW State President of the Australian Society of CPAs and a member of the Society's National Council.He received the CPA Australia's President's Award in 1982.He was President of the Australian and New Zealand Academy of Management and was made a Life member in 2000.He served on the Council of the Accounting Association of Australia and New Zealand and the Australian Photonics Cooperative Research Centre.Murray was Deputy Chairman of OTC and a Director of Worldschool Ltd (2000-01) and Kaz Group Ltd (2003).

Murray Wells
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Murray Wells is an Emeritus Professor of Accounting in The University of Sydney.He was formerly a Professor of Accounting, Dean of the Faculty of Economics and Director of the Graduate School of Business of The University of Sydney.He has been a Director of the Seven Network Ltd since 1995 and is Chairman of B Digital Ltd.He was Chairman of The University of Sydney Solar Science Research Pty Ltd.He was Accountant of the Year (Academia and Government) in 1993.He was NSW State President of the Australian Society of CPAs in 1982-83 and a member of the National Council from 1986 to 1988.He was a President of the International Association for Accounting Education and Research from 1988 to 1993, Director (1989-92) and Deputy Chairman of OTC Ltd (1991-92) and a Director and Chairman of the Finance Committee of Telstra Corporation Ltd (1992-94).He was a member of the NSW Science and Technology Council (1992-96).

Murray was Editor of the international accounting journal Abacus from 1975 to 1994 and has won numerous awards including "Outstanding Accounting Educator" and "International Distinguished Lecturer" from the American Accounting Association, President's Award from CPA Australia, Life Membership of the Australia and New Zealand Academy of Management and the "Founders Award" from the International Association for Accounting Education and Research.He is a fellow of the Academy of the Social Sciences of Australia.

Professor Murray Wells Emeritus Professor of Accounting in The University of Sydney

Management Committee

Professor Murray WellsEmeritus Professor of Accounting in The University of Sydney

The Directors of KAZ Group Limited (KAZ) are pleased to announce that after a period as a consultant to the Board, Professor Murray Wells has been appointed as a Non-Executive Director.He remains the Chairman of the Audit Committee.

Professor Wells is an Emeritus Professor of the University of Sydney.He was a Professor of Accounting, Dean of Faculty of Economics and Foundation Director of the Graduate School of Business in the University of Sydney.

Professor Wells previously served as a Director of Telstra Corporation Limited and is currently a Director of Seven Network Limited and Chairman of B Digital Limited.He has served on the NSW Science and Technology Council and was NSW President of the Australian Society of CPAs.

Professor Wells holds a PhD and a Master of Commerce.

Professor Murray Wells - Chair of the Audit Committee

Private email: sevenauditcommittee@yahoo.com.au

Chairman Professor Murray Wells thanked Mr Gentry, a founding director and significant shareholder, for his contribution to the company and wished him well for the future.