Redflex Holdings Limited | ABN 96 069 306 216
FY2017 Corporate Governance Statement and ASX Appendix 4G
Attached is the FY2017 Corporate Governance Statement and FY2017 ASX Appendix 4G for Redflex Holdings Limited (ABN 96 069 306 216) (ASX:RDF).
A copy of these documents will also appear on the Redflex website (www.redflex.com) in the Investors section.
About Redflex
The Redflex Group has established itself as a world leader in traffic enforcement products and services, developing leading enforcement camera technology and owning and operating one of the largest networks of digital speed and red-light cameras in the world. Redflex develops and manufactures a wide range of digital photo enforcement solutions including red light camera, speed camera and school bus stop arm camera systems, all utilising the most advanced sensor and image capture technologies.
The Redflex Group runs its own systems engineering operations, system integration technologies and innovation centre for research and development. With our continuous development of new safety products, the Redflex Group has been helping to reduce collisions and to save lives for more than 20 years.
Mark J. Talbot Group Chief Executive Officer Redflex Holdings Limited mark.talbot@redflex.com.au T +61 3 9093 3304 | Craig Durham Group General Counsel & Company Secretary Redflex Holdings Limited craig.durham@redflex.com.au +61 3 9093 3324 |
Redflex Holdings Limited was listed on the Australian Securities Exchange in January 1997. For further information:
Redflex Holdings Limited
31 Market Street (P.O. Box 720), South Melbourne, Victoria, Australia 3205 t: +613 9093 3324
e: redflexholdingslimited@redflex.com.au
www.redflex.com
REDFLEX HOLDINGS LIMITED ABN 96 069 306 216 CORPORATE GOVERNANCE STATEMENT FOR THE YEAR ENDED 30 JUNE 2017The Board of Directors of Redflex Holdings Limited ("Redflex", the "Company" or the "Redflex Group") is responsible for the corporate governance framework of the Redflex Group having regard to the ASX Corporate Governance Council's "Corporate Governance Principles and Recommendations, Third Edition" (ASX CGC Recommendations). The Board guides and monitors the business and affairs of the Company on behalf of the shareholders by whom they are elected and to whom they are accountable.
The Board of Directors of Redflex has approved this Corporate Governance Statement for the year ended 30 June 2017.
A reference to the Redflex website in this Corporate Governance Statement is to www.redflex.com. On the "Australia" page there is an "Investors" tab and then a "Governance" tab on the Redflex website to navigate to the relevant information contained in or referred to in this statement. The ASX Appendix 4G, given to the ASX at the same time as this statement, complements this statement and provides a key to the Company's corporate governance disclosures.
A copy of the 2017 Annual Report and all ASX announcements of the Company can be found on the Redflex website under the "Investors" tab.
The table below outlines the Company's compliance with the ASX CGC Recommendations:
Recommendation | Complies Yes / No | Reference | |
Principle 1 - Lay solid foundations for management and oversight | |||
A listed entity should establish and disclose the respective roles and responsibilities of its Board and management and how their performance is monitored and evaluated. | |||
1.1 | A listed entity should disclose:
| Yes | Board Charter Matters Reserved for the Board Refer to "Board of Redflex" section below Refer to "Investors" tab of Redflex website |
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 | Yes | Nominations Committee Charter Refer to "Investors" tab of Redflex website |
(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. | Refer to "Nominations Committee" section below Refer to AGM Notice of Meeting Refer to "Investors" tab of Redflex website | ||
1.3 | A listed entity should have a written agreement with each director and senior executive setting out the terms of their appointment. | Yes | Refer to "People, Culture and Remuneration" section below |
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. | Yes | Board Charter Refer to "Investors" tab of Redflex website |
1.5 | A listed entity should: | Yes | Equal Employment Opportunity & Diversity Policy |
Recommendation | Complies Yes / No | Reference | |
| Refer to "Investors" tab of Redflex website 2017 Redflex Report to the Workplace Gender Equality Agency in the "Investors / Other Important Documents" tab of Redflex website Refer to "Equal Employment Opportunity and Diversity at Redflex" section below | ||
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 | Yes | Refer to "Board and Senior Executive Performance" section below |
(b) disclose, in relation to each reporting period, whether a performance evaluation was undertaken in the reporting period in accordance with that process. | Refer to "Board and Senior Executive Performance Evaluation" section below | ||
1.7 | A listed entity should:
| Yes | Refer to "Board and Senior Executive Performance Evaluation" section below |
Principle 2 - Structure the Board to add value | |||
A listed entity should have a Board of an appropriate size, composition, skills and commitment to enable it to discharge its duties effectively. | |||
2.1 | The Board of a listed entity should:
| Yes | Nominations Committee Charter Refer to "Investors" tab of Redflex website Refer to "Nominations Committee" section below |
Recommendation | Complies Yes / No | Reference | |
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. | Yes | Refer to "Structure of the Board" section below Refer to "Investors" tab of Redflex website |
2.3 | A listed entity should disclose:
| Yes | Refer to "Structure of Board" section below |
2.4 | A majority of the Board of a listed entity should be independent directors. | Yes | Refer to "Structure of the Board" section below |
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. | No | Refer to "Structure of the Board" section below |
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. | Yes | Refer to "Director Induction and Continuing Professional Development" section below |
Principle 3 - Act ethically and responsibly | |||
A listed entity should act ethically and responsibly. | |||
3.1 | A listed entity should:
| Yes | Directors' and Officers' Code of Conduct and Protocols Refer to "Investors" tab of Redflex website |
Principle 4 - Safeguard integrity in financial reporting | |||
A listed entity should have formal and rigorous processes that independently verify and safeguard the integrity of its corporate reporting. | |||
4.1 | The Board of a listed entity should:
| Yes | Audit Committee Charter Refer to "Investors" tab of Redflex website Refer to "Audit Committee" section below Refer to Directors' Report in the 2017 Annual Report |
Redflex Holdings Limited published this content on 29 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2017 06:52:01 UTC.
Original documenthttp://www.redflex.com/application/files/4015/0398/8286/2017-08-29_FY2017_Corporate_Governance_Statement_and_Appendix_4G.pdf
Public permalinkhttp://www.publicnow.com/view/426118B25FCDACEC4DC0C002B3098EFF0A3465E4