The Board is committed to maintaining the highest standards of Corporate Governance. Good Corporate Governance consists of having a set of core values and behaviours that underpin the Company's activities and ensure transparency, fair dealing and protection of the interests of stakeholders.
The Board of Directors supports the Corporate Governance Principles and Recommendations developed by the ASX Corporate Governance Council (Corporate Governance Principles). The Company's practices and policies are substantially consistent with the Corporate Governance Principles. The Board considers that the implementation of a small number of the Corporate Governance Principles would not add value for shareholders, having regard to the nature and scale of the Company's activities and the size of the Board. Departures from the Corporate Governance Principles are explained in the Company's Corporate Governance Statement, and are subject to periodic review.
As part of its committment to good corporate governance the Board has established Audit and Remuneration Committees.
View the Company's:
Corporate Governance Statement
Audit Committee Charter
The Corporate Governance Principles and Recommendations can be found on the ASX website at http://www.asx.com.au/about/corporate_governance/index.htm