Corporate Governance
Babcock & Brown recognises the importance of good corporate governance. The establishment of a sound framework of corporate governance and the implementation of the corresponding governance culture and processes throughout the Group is one of the primary responsibilities of the Board. The Board recognises that it is accountable to shareholders for the performance of the Group and, to that end, is responsible for instituting and ensuring the Company maintains a system of corporate governance that operates in the best interests of shareholders whilst also addressing the interests of other key stakeholders. Corporate governance and good governance procedures can add to the performance of the Group, the creation of shareholder value and engender the confidence of the investment community.
The Group has a number of committees and policies in place that are in line with the ASX guidelines on corporate governance and best practice recommendations. These include:
- Board Charter
- Nomination & Governance Committee Charter
- Code of Conduct
- Share Trading Policy
- Audit & Risk Management Committee
- Audit & Risk Management Committee Charter
- Continuous Disclosure Policy
- Risk Management Policy
- Performance Evaluation Process
- Remuneration Policy
- Obligations to Non-Shareholder Stakeholders
- Governance in Funds