What is Corporate Governance
"Corporate governance is the system by which companies are directed and managed. It influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised. Good corporate governance structures encourage companies to create value (through entrepreneurism, innovation, development and exploration) and provide accountability and control systems commensurate with the risks involved." (ASX Corporate Governance Council - March 2003).
Suncorp Corporate Governance Structure
The key components of the corporate governance structure of the Suncorp-Metway Ltd (ABN 66 010 831722) (Suncorp) and the Suncorp Group are explained in the following list of company policies and statements. These documents are in PDF files which requires Adobe Acrobat Reader to view. If you do not have Acrobat Reader click on the button below to download Adobe Reader.
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| Article |
Description |
| Suncorp-Metway Limited Constitution |
Adopted at the Annual General Meeting on 28 October 2008. |
| Corporate Governance Statement |
Summarised in this statement are the main Corporate Governance practices that have been established by the Suncorp Board and were in place throughout the financial year, unless otherwise stated, to ensure the interests of shareholders are protected and the confidence of the investment market in Suncorp and the Suncorp Group is maintained. |
| ASX Principles of Good Corporate Governance |
The ASX Corporate Governance Council published a document entitled "Principles of Good Corporate Governance and Best Practice Recommendations". This article contains a list of those principles and recommendations and a description of the structures and practices Suncorp and the Suncorp Group has in place to address each of the principles and recommendations. |
| Board Charter |
The Suncorp Board has adopted a charter that sets out the principles for the operation of the board of directors and provides a description of the functions of the board and the functions delegated to management. |
| Nomination and Remuneration Committee Charter |
The Nomination and Remuneration Committee charter outlines the role and responsibilities of that committee as determined by the Suncorp Board. |
| Audit Committee Charter |
The Audit Committee charter outlines the role and responsibilities of that committee as determined by the Suncorp Board. |
| Risk Committee Charter |
The Risk Committee charter outlines the role and responsibilities of that committee as determined by the Suncorp Board. |
| Code of Conduct |
The Suncorp Group Code of Conduct details the minimum behavioural standards expected of Suncorp Group employees in the conduct of our business. |
| Sharedealing Policy |
This is the policy adopted by Suncorp to assist directors and senior officers in ensuring they do not breach the insider trading provisions of the Corporations Act. |
| Disclosure Policy |
This is the policy adopted by Suncorp to ensure the market is fully informed of the company's strategy and financial performance and to ensure compliance with the ASX Listing Rules disclosure requirements. |
| Shareholder Communications |
Details the key components of the Suncorp Shareholder Communication Strategy. |
| Risk Management Framework |
This provides a description of the Suncorp risk management framework. Details are set out in the section headed "Corporate Governance of the Suncorp 2004 Annual Report." |
| Whistleblower Policy |
The Suncorp Group has adopted a policy that provides a framework for employees, officers, contractors and agents to bring to the attention of management, conduct which is corrupt, illegal or unethical. |
Corporate Responsibility Index
The St James Ethics Centre's annual Corporate Responsibility Index is a strategic management tool to enhance the capacity of businesses to develop, measure and communicate best practice in the field of corporate social responsibility in Australia. Suncorp has participated in the St James Ethics Centre's annual Corporate Responsibility Index since 2004. Our 2005 Corporate Responsibility Index results are shown in the graph below.
