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GRANGE RESOURCES LIMITED. Governance Information 2018

Feb 26, 2018

65014_rns_2018-02-26_bb8928f3-c4e1-43c6-9c3a-a549fae8ced7.pdf

Governance Information

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Rules 4.7.3 and 4.10.3[1]

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Name of entity

Grange Resources Limited

ABN/ARBN ABN/ARBN Financialyear ended
80 009 132 405 31 December 2017

Our corporate governance statement[2] for the above period above can be found at the end of this Appendix 4G, and at:[3]

  • these pages of our annual report:

 this URL on our website: http://www.grangeresources.com.au/php/page.php?grangeS+8

The Corporate Governance Statement is accurate and up to date as at 27 February 2018 and has been approved by the board.

The annexure includes a key to where our corporate governance disclosures can be located.

Date here: 27 February 2018 Sign here:

Company Secretary Print name: Piers Lewis

1 Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX.

Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.

Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3.

2 “Corporate governance statement” is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.

3 Mark whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where the entity’s corporate governance statement can be found.

1

ANNEXURE – KEY TO CORPORATE GOVERNANCE DISCLOSURES

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
PRINCIPLE 1– LAY SOLID FOUNDATIONS FOR MANAGEMENT AND OVERSIGHT
1.1 A
listed
entity
should
disclose:
(a) the respective roles and
responsibilities
of
its
board and management;
and
(b) those matters expressly
reserved to the board and
those delegated to
management.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
______
Insert location here_
… and information about the respective roles and responsibilities of our board and management (including those
matters expressly reserved to the board and those delegated to management):
 at this location:
______
_Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
1.2 A listed entity should:
(a) undertake
appropriate
checks before appointing
a
person,
or
putting
forward
to
security
holders a candidate for
election, as a director;
and
(b) provide security holders
with all material
information in its
possession relevant to a
decision on whether or
not to elect or re-elect a
director.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable

2

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
1.3 A listed entity should have a
written agreement with each
director and senior executive
setting out the terms of their
appointment.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
1.4 The company secretary of a
listed entity should be
accountable directly to the
board, through the chair, on
all matters to do with the
proper functioning of the
board.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
1.5 A listed entity should:
(a) have a diversity policy
which
includes
requirements
for
the
board
or
a
relevant
committee of the board
to
set
measurable
objectives for achieving
gender diversity and to
assess annually both the
objectives
and
the
entity’s
progress
in
achieving them;
(b) disclose that policy or a
summary of it; and		 … the fact that we have a diversity policy that complies with paragraph (a):
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here
… and a copy of our diversity policy or a summary of it:
at this location:
http://www.grangeresources.com.au/clients/grange/downloads/diversity_policy_-_4_november_2011.pdf
…the measurable objectives for achieving gender diversity set by the board or a relevant committee of the board in
accordance with our diversity policy and our progress towards achieving them:
in our Corporate Governance StatementOR		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable

3

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
(c) disclose as at the end of
each reporting period the
measurable objectives for
achieving
gender
diversity set by the board
or a relevant committee
of
the
board
in
accordance
with
the
entity’s diversity policy
and its progress towards
achieving
them
and
either:
(1) the
respective
proportions of men
and women on the
board,
in
senior
executive
positions
and across the whole
organisation
(including how the
entity
has
defined
“senior executive” for
these purposes); or
(2) if the entity is a
“relevant
employer”
under the Workplace
Gender Equality Act,
the
entity’s
most
recent
“Gender
Equality Indicators”,
as defined in and
published under that
Act.		  at this location:
______
Insert location here_
… and the information referred to in paragraphs (c)(1) or (2):
in our Corporate Governance StatementOR
 at this location:
______
_Insert location here

4

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
1.6 A listed entity should:
(a) have
and
disclose
a
process for periodically
evaluating
the
performance
of
the
board,
its
committees
and individual directors;
and
(b) disclose, in relation to
each reporting period,
whether a performance
evaluation
was
undertaken
in
the
reporting
period
in
accordance
with
that
process.		 … the evaluation process referred to in paragraph (a):
in our Corporate Governance StatementOR
 at this location:
______
Insert location here_
… and the information referred to in paragraph (b):
in our Corporate Governance StatementOR
 at this location:
______
_Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
1.7 A listed entity should:
(a) have
and
disclose
a
process for periodically
evaluating
the
performance of its senior
executives; and
(b) disclose, in relation to
each reporting period,
whether a performance
evaluation
was
undertaken
in
the
reporting
period
in
accordance
with
that
process.		 … the evaluation process referred to in paragraph (a):
in our Corporate Governance StatementOR
 at this location:
______
Insert location here_
… and the information referred to in paragraph (b):
in our Corporate Governance StatementOR
 at this location:
______
_Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable

5

Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
PRINCIPLE 2- STRUCTURE THE BOARD TO ADD VALUE

6

Corporate Governance Council Corporate Governance Council We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
recommendation the recommendation in
full for the whole of the
period above. We have
disclosed …
2.1 The board of a listed entity
should:		 [If the entity complies with paragraph (a):]
… the fact that we have a nomination committee that complies with paragraphs (1) and (2):		 󠄋an explanation why that
(a) have
a
nomination
committee which:
(1) has at least three
members, a majority
of
whom
are
independent
directors; and
(2) is
chaired
by
an		 in our Corporate Governance StatementOR
 at this location:
_________
Insert location here
… and a copy of the charter of the committee:
at this location:		 is so in our Corporate
Governance StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
independent director,
and disclose: http://www.grangeresources.com.au/clients/grange/downloads/remuneration__nomination_committee_charter_-
(3) the charter of the
committee;
(4) the members of the		 _approved_28_august_2014.pdf
… and the information referred to in paragraphs (4) and (5):
in our Corporate Governance StatementOR
committee; and  at this location:
(5) as at the end of each
reporting period, the
number of times the		 _________
Insert location here
committee
met
throughout
the
period
and
the
individual
attendances
of
the
members
at
those		 [If the entity complies with paragraph (b):]
… the fact that we do not have a nomination committee and the processes we employ to address board succession
issues and to ensure that the board has the appropriate balance of skills, knowledge, experience, independence
and diversity to enable it to discharge its duties and responsibilities effectively:
 in our Corporate Governance StatementOR
meetings;OR
(b) if it does not have a		  at this location:
nomination committee,
disclose that fact and the _________
Insert location here
processes it employs to
address board succession
issues and to ensure that
the board has the
appropriate balance of
skills, knowledge,
experience,
independence and
diversity to enable it to		 7
discharge its duties and
responsibilities
effectively.
Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
2.2 A listed entity should have
and disclose a board skills
matrix setting out the mix of
skills and diversity that the
board currently has or is
looking to achieve in its
membership.		 … our board skills matrix:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
2.3 A
listed
entity
should
disclose:
(a) the
names
of
the
directors considered by
the
board
to
be
independent directors;
(b) if a director has an
interest,
position,
association
or
relationship of the type
described in Box 2.3 but
the
board
is
of
the
opinion that it does not
compromise
the
independence
of
the
director, the nature of
the
interest,
position,
association
or
relationship in question
and an explanation of
why the board is of that
opinion; and
(c) the length of service of
each director.		 … the names of the directors considered by the board to be independent directors:
in our Corporate Governance StatementOR
 at this location:
______
Insert location here_
… where applicable, the information referred to in paragraph (b):
in our Corporate Governance StatementOR
 at this location:
______
_Insert location here
… the length of service of each director:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
Statement

8

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
2.4 A majority of the board of a
listed entity should be
independent directors.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		 󠄋an explanation why that
is so in our Corporate
Governance StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
2.5 The chair of the board of a
listed entity should be an
independent director and, in
particular, should not be the
same person as the CEO of
the entity.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
2.6 A listed entity should have a
program for inducting new
directors
and
provide
appropriate
professional
development
opportunities
for directors to develop and
maintain
the
skills
and
knowledge
needed
to
perform
their
role
as
directors effectively.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable

9

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
PRINCIPLE 3– ACT ETHICALLY AND RESPONSIBLY
3.1 A listed entity should:
(a) have a code of conduct
for its directors, senior
executives
and
employees; and
(b) disclose that code or a
summary of it.		 … our code of conduct or a summary of it:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
Statement
PRINCIPLE 4– SAFEGUARD INTEGRITY IN CORPORATE REPORTING
4.1 The board of a listed entity
should:
(a) have an audit committee
which:
(1) has at least three
members,
all
of
whom
are
non-
executive
directors
and a majority of
whom
are
independent
directors; and
(2) is
chaired
by
an
independent director,
who is not the chair
of the board,
and disclose:
(3) the charter of the
committee;
(4) the
relevant
qualifications
and
experience
of
the
members
of
the
committee; and		 [If the entity complies with paragraph (a):]
… the fact that we have an audit committee that complies with paragraphs (1) and (2):
in our Corporate Governance StatementOR
 at this location:
______
Insert location here_
… and a copy of the charter of the committee:
at this location:
http://www.grangeresources.com.au/clients/grange/downloads/audit_and_risk_committee_charter.pdf
… and the information referred to in paragraphs (4) and (5):
in our Corporate Governance StatementOR
 at this location:
______
_Insert location here
[If the entity complies with paragraph (b):]
… the fact that we do not have an audit committee and the processes we employ that independently verify and
safeguard the integrity of our corporate reporting, including the processes for the appointment and removal of the
external auditor and the rotation of the audit engagement partner:		 󠄋an explanation why that
is so in our Corporate
Governance Statement

10

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
(5) in relation to each
reporting period, the
number of times the
committee
met
throughout
the
period
and
the
individual
attendances
of
the
members
at
those
meetings; OR
(b) if it does not have an
audit committee, disclose
that
fact
and
the
processes it employs that
independently verify and
safeguard the integrity of
its corporate reporting,
including the processes
for the appointment and
removal of the external
auditor and the rotation
of the audit engagement
partner.		  in our Corporate Governance StatementOR
 at this location:
_________
Insert location here

11

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
4.2 The board of a listed entity
should, before it approves
the entity’s financial
statements for a financial
period, receive from its CEO
and CFO a declaration that,
in their opinion, the financial
records of the entity have
been properly maintained
and that the financial
statements comply with the
appropriate accounting
standards and give a true and
fair view of the financial
position and performance of
the entity and that the
opinion has been formed on
the basis of a sound system
of risk management and
internal control which is
operating effectively.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
Statement
4.3 A listed entity that has an
AGM should ensure that its
external auditor attends its
AGM and is available to
answer questions from
security holders relevant to
the audit.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity that
does not hold an
annual general
meeting and this
recommendation is
therefore not
applicable

12

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
PRINCIPLE 5– MAKE TIMELY AND BALANCED DISCLOSURE
5.1 A listed entity should:
(a) have a written policy for
complying
with
its
continuous
disclosure
obligations
under
the
Listing Rules; and
(b) disclose that policy or a
summary of it.		 … our continuous disclosure compliance policy or a summary of it:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
Statement
PRINCIPLE 6– RESPECT THE RIGHTS OF SECURITY HOLDERS
6.1 A listed entity should
provide information about
itself and its governance to
investors via its website.		 … information about us and our governance on our website:
at this location:
http://www.grangeresources.com.au/php/page.php?grangeS+8
and
http://www.grangeresources.com.au/php/page.php?grangeS+9		  an explanation why
that is so in our
Corporate Governance
Statement
6.2 A listed entity should design
and implement an investor
relations program to
facilitate effective two-way
communication with
investors.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
Statement

13

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
6.3 A listed entity should
disclose the policies and
processes it has in place to
facilitate and encourage
participation at meetings of
security holders.		 … our policies and processes for facilitating and encouraging participation at meetings of security holders:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity that
does not hold periodic
meetings of security
holders and this
recommendation is
therefore not
applicable
6.4 A listed entity should give
security holders the option
to receive communications
from, and send
communications to, the
entity and its security
registry electronically.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
Statement
PRINCIPLE 7– RECOGNISE AND MANAGE RISK
7.1 The board of a listed entity
should:
(a) have a committee or
committees to oversee
risk, each of which:
(1) has at least three
members, a majority
of
whom
are
independent
directors; and
(2) is
chaired
by
an
independent director,
and disclose:		 [If the entity complies with paragraph (a):]
… the fact that we have a committee or committees to oversee risk that comply with paragraphs (1) and (2):
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here
… and a copy of the charter of the committee:
at this location:
http://www.grangeresources.com.au/clients/grange/downloads/4~risk_management.pdf
… and the information referred to inparagraphs(4)and(5):		 󠄋an explanation why that
is so in our Corporate
Governance Statement

14

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
(3) the charter of the
committee;
(4) the members of the
committee; and
(5) as at the end of each
reporting period, the
number of times the
committee
met
throughout
the
period
and
the
individual
attendances
of
the
members
at
those
meetings;OR
(b) if it does not have a risk
committee
or
committees that satisfy
(a) above, disclose that
fact and the processes it
employs for overseeing
the
entity’s
risk
management framework.		 in our Corporate Governance StatementOR
 at this location:
______
Insert location here_
[If the entity complies with paragraph (b):]
… the fact that we do not have a risk committee or committees that satisfy (a) and the processes we employ for
overseeing our risk management framework:
 in our Corporate Governance StatementOR
 at this location:
______
_Insert location here
7.2 The board or a committee of
the board should:
(a) review the entity’s risk
management framework
at least annually to satisfy
itself that it continues to
be sound; and
(b) disclose, in relation to
each reporting period,
whether such a review
has taken place.		 … the fact that we follow this recommendation:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
Statement
7.3 A
listed
entity
should
disclose:		 [If the entity complies with paragraph (a):]
… how our internal audit function is structured and what role it performs:		 an explanation why that

15

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
(a) if it has an internal audit
function,
how
the
function
is
structured
and
what
role
it
performs;OR
(b) if it does not have an
internal audit function,
that
fact
and
the
processes it employs for
evaluating
and
continually
improving
the effectiveness of its
risk
management
and
internal
control
processes.		  in our Corporate Governance StatementOR
 at this location:
______
Insert location here_
[If the entity complies with paragraph (b):]
… the fact that we do not have an internal audit function and the processes we employ for evaluating and
continually improving the effectiveness of our risk management and internal control processes:
in our Corporate Governance StatementOR
 at this location:
______
_Insert location here		 is so in our Corporate
Governance Statement
7.4 A listed entity should
disclose whether it has any
material exposure to
economic, environmental
and social sustainability risks
and, if it does, how it
manages or intends to
manage those risks.		 … whether we have any material exposure to economic, environmental and social sustainability risks and, if we do,
how we manage or intend to manage those risks:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
Statement
PRINCIPLE 8– REMUNERATE FAIRLY AND RESPONSIBLY
8.1 The board of a listed entity
should:
(a) have
a
remuneration
committee which:
(1) has at least three
members, a majority
of
whom
are
independent
directors; and
(2) is
chaired
by
an		 [If the entity complies with paragraph (a):]
… the fact that we have a remuneration committee that complies with paragraphs (1) and (2):
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here
… and a copy of the charter of the committee:
at this location:		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable

16

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
independent director,
and disclose:
(3) the charter of the
committee;
(4) the members of the
committee; and
(5) as at the end of each
reporting period, the
number of times the
committee
met
throughout
the
period
and
the
individual
attendances
of
the
members
at
those
meetings;OR
(b) if it does not have a
remuneration committee,
disclose that fact and the
processes it employs for
setting
the
level
and
composition
of
remuneration
for
directors
and
senior
executives and ensuring
that such remuneration
is appropriate and not
excessive.		 http://www.grangeresources.com.au/clients/grange/downloads/remuneration__nomination_committee_charter_-
approved_28_august_2014.pdf
… and the information referred to in paragraphs (4) and (5):
 in our Corporate Governance StatementOR
 at this location:
_________
_Insert location here
[If the entity complies with paragraph (b):]
… the fact that we do not have a remuneration committee and the processes we employ for setting the level and
composition of remuneration for directors and senior executives and ensuring that such remuneration is
appropriate and not excessive:
 in our Corporate Governance StatementOR
 at this location:
_________
Insert location here

17

Corporate Governance Council
recommendation		 Corporate Governance Council
recommendation		 We have followed the recommendation in full for the whole of the period above. We have disclosed … We haveNOTfollowed
the recommendation in
full for the whole of the
period above. We have
disclosed …
8.2 A listed entity should
separately disclose its
policies and practices
regarding the remuneration
of non-executive directors
and the remuneration of
executive directors and other
senior executives.		 … separately our remuneration policies and practices regarding the remuneration of non-executive directors and
the remuneration of executive directors and other senior executives:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable
8.3 A listed entity which has an
equity-based
remuneration
scheme should:
(a) have a policy on whether
participants
are
permitted to enter into
transactions
(whether
through
the
use
of
derivatives or otherwise)
which limit the economic
risk of participating in
the scheme; and
(b) disclose that policy or a
summary of it.		 … our policy on this issue or a summary of it:
in our Corporate Governance StatementOR
 at this location:
_________
Insert location here		  an explanation why
that is so in our
Corporate Governance
StatementOR
 we do not have an
equity-based
remuneration scheme
and this
recommendation is
therefore not
applicableOR
 we are an externally
managed entity and
this recommendation
is therefore not
applicable

18

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