• Establish the overall internal control framework over financial reporting, quality and integrity of personnel and investment appraisal;
• Establish and maintain appropriate legal and ethical standards in dealings with business associates, advisors and regulators, competitors, employees and any other stakeholders in the Company;
• Identify areas of significant business risk and implementing corrective action as soon as practicable after a risk has been identified;
• Ensure that the Company adheres to the ASX continuous disclosure requirements and rules of compliance.
• Control of the Board and committee meeting agendas is vested in the Chairman of the Board or committee, where appropriate. Prior to each meeting all available information on matters to be discussed is provided to each of the Directors or committee members with advice from external advisors as required.
• The Directors must declare any conflict of interest when it arises and directors’ must absent themselves from any discussion pertaining to any matter in which a director has a material personal interest.
• Non-executive Directors are asked to commit no less than 20 days per year preparing and attending Board and committee meetings and performing associated corporate activities. The Directors meet formally at least 11 times a year and at the Chairman’s request, informally to discuss specific matters that may arise between scheduled meetings.
• Apart from observing legal requirements, directors inform the Board of any proposed dealing in the Company’s shares and are generally required to confine such dealing (if otherwise appropriate) to a two week window following the release of quarterly reports or significant announcements provided that the market has been fully informed of all matters that could affect the price of the securities in the Company.
For a more detailed statement regarding Corporate Governance at Inventis, download our most recent Annual Report.
