Governance

The Governance Institute of Australia defines good governance not only as the system by which organisations are controlled, but the mechanisms by which organisations and those who comprise them are held to account. Governance is therefore vital for our decision-making process because it demonstrates how and what we are changing to implement continuous improvement.

We use four key components identified by the Governance Institute of Australia as the basis for reporting and disclosing our activities being Transparency, Accountability, Stewardship and Integrity.

We exercise fairness, transparency and accountability in everything we do, over and above our legal obligations. The Governance Institute of Australia defines good governance not only as the system by which organisations are controlled, but the mechanisms by which organisations and those who comprise them are held to account. Governance therefore is vital to making the right decisions.

In reviewing and considering our own corporate governance practices we consider the Public Sector Commission Guidelines as well as the application of ASX Corporate Governance Council principles within our own operating context. This creates an environment that values ethical behaviour, integrity and respect helping us to achieve excellence whilst creating value for our customers.

This year we have once again used the four key components identified by the Governance Institute of Australia as the basis for reporting and disclosing our activities.