During the year a full survey of the Board members’ interests and appointments was carried out, the Board was fully briefed on the Companies Act 2006 provisions in relation to conflicts of interest which came in to effect on 1 October 2008 and conflict management procedures were agreed. Anglo American policy dictates that if a director becomes aware that he/she has a direct or indirect interest in an existing or proposed transaction with Anglo American, he/she should notify the board at the next board meeting or by a written declaration. Interests in proposed transactions should be notified before the transaction is entered into and directors have a continuing duty to update any changes in these interests. There were no such notifications of interests in proposed transactions during the year. In accordance with the Company’s Articles and relevant legislation, an unconflicted quorum of the board can authorise potential conflicts and such authorisations can be limited in scope and are reviewed on an annual basis.