Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 209

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 209
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 May 2024. 2. Joc O'Rourke and Kaisa Hietala joined the Committee on 1 June 2024. 3. Sharon Thorne joined the Committee on 1 July 2024. 4. Jennifer Nason joined the Committee on 17 February 2025. Membership The members of the Committee are all independent Non-Executive Directors, and their biographies can be found on pages 102 - 103 . The Chair of the Board is not a member of the Committee. As Rio Tinto’s securities are listed in Australia, the UK and the US, we follow the regulatory requirements and best practice governance recommendations for audit committees in each of these markets. Australian listing requirements In Australia, the members, and the Committee as a whole, meet the independence requirements of the Australian Securities Exchange (ASX) Principles. Specifically, the Committee members between them have the accounting and financial expertise, and a sufficient understanding of the industry in which the company operates, to be able to discharge the Committee’s mandate effectively. UK listing requirements In the UK, the members meet the requirements of the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules, and the provisions of the UK Corporate Governance Code relating to audit committee composition. Simon Henry, the Chair of the Committee, and Sharon Thorne are considered by the Board to have recent and relevant financial experience. Simon Henry, Kaisa Hietala and Joc O’Rourke have extensive experience in the natural resources sector. Ben Wyatt and Jennifer Nason have gained experience in the mining sector by serving on the Board and through regular site visits, reports and presentations. Sharon Thorne has undertaken site visits and teach-ins as part of her induction programme. The Committee as a whole has competence relevant to the sector in which the company operates. The Committee complies with the Audit Committees and the External Audit: Minimum Standard. US listing requirements In the US, the requirements for the Committee’s composition and role are set out in the Securities and Exchange Commission (SEC) and New York Stock Exchange (NYSE) rules. The members of the Committee meet the independence requirements set out under Rule 10A-3 of the US Exchange Act and under Section 303A of the NYSE Listed Company Manual . The Board has designated Simon Henry as an “audit committee financial expert”. The Board also believes that the other members of the Committee are financially literate by virtue of their wide business experience.

| Annual Report on Form 20-F 2024 | 114 | riot