Mr Davey is a professional independent Company Director with over 40 years of experience in the natural resources industry as a taxation and strategy advisor. Clark was a taxation services partner at Price Waterhouse and PricewaterhouseCoopers from 1994 to 2006 with an oil and gas and natural resources specialty holding industry leadership roles in both firms. Clark is entitled to receive payments from PricewaterhouseCoopers as part of a retirement plan. The payments are based on a set formula relating to his partnership and tenure with PricewaterhouseCoopers. The amount is fixed and not dependent on the revenues, profits or earnings of PricewaterhouseCoopers. The Board is satisfied that this does not affect Clark's independence as a Non-Executive Director, nor does it constitute a conflict of interest and complies with the Corporations Act 2001. The Board has however, put in place appropriate safeguards to address any perceived conflicts of interest if they are to arise from time to time. The wealth of taxation and business advisory experience Clark brings to Karoon includes input on international company tax, Australian and overseas resource and indirect taxation and oversight of accounting, governance and capital management procedures. Clark has advised many companies with both tax and management of joint venture interests as well as merger and acquisition transactions. He has also assisted both listed and unlisted companies expand their resource industry interests internationally. Current directorships of other listed companies include Redflex Holdings Limited (appointed 6 January 2015). He is chairman of Risk Committee and member of People, Culture and Governance Committee.