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Corporate Code of Conduct |
- Introduction
This code of conduct sets out the standard which the Board, management and employees of the Company are encouraged to comply with when dealing with each other, shareholders and the broader community.
- Commitment of the Board and Management to Corporate Code of Conduct
The Board and management approve and endorse this code of conduct and support the code and all it strives to achieve.
The Board and management encourage all staff to consider the principles of the code and use them as a guide to determining how to respond when acting on behalf of the Company.
- Responsibilities to Shareholders and the Financial Community Generally
The Company aims:
- to increase shareholder value within an appropriate framework which safeguards the rights and interests of the Company’s shareholders and the financial community; and
- comply with systems of control and accountability which the Company has in place as part of its corporate governance with openness and integrity.
- Responsibilities to Clients, Customers and Consumers
The Company is to comply with all legal requirements which affect its business. Any transgression from the applicable legal rules is to be reported to the Chief Executive Officer as soon as a person becomes aware of such a transgression.
- Employment Practices
The Company will employ the best available staff with skills required to carry out vacant positions.
The Company will ensure a safe work place and maintain proper occupational health and safety practices commensurate with the nature of the Company’s business and activities.
- Responsibility to the Community
The Company will recognise, consider and respect community issues which arise in relation to the Company’s activities and comply with all applicable legal requirements.
- Responsibility to the Individual
The Company recognises and respects the rights of individuals and to the best of its ability will comply with the applicable legal rules regarding privacy, privileges, private and confidential information.
- Obligations Relative to Fair Trading and Dealing
The Company will deal with others in a way that is fair and will not engage in deceptive practices.
- Conflicts of Interest
The Board, management and employees must not involve themselves in situations where there is a real or apparent conflict interest between them as individuals and the interest of the Company. Where a real or apparent conflict of interest arises the matter should be brought to the attention of the Chairman in the case of a board member or the Chief Executive Officer, the Chief Executive Officer in the case of a member of management, and a supervisor in the case of an employee, so that it may be considered and dealt with in an appropriate manner for all concerned.
- Compliance with the Code
Any breach of compliance with this code is to be reported directly to the Chief Executive Officer or Chairman, as appropriate.
- Periodic Review of Code
The Company will monitor compliance with the code periodically by liaising with the Board, management and staff especially in relation to any areas of difficulty which arise from the code and any other ideas or suggestions for improvement of the code. Suggestions for improvements or amendments to the code can be made at any time by providing a written note to the Chief Executive Officer.
- Incorporation of Code of Conduct for Executives
The Code of Conduct for Directors and Key Executives forms part of this Corporate Code of Conduct.
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