Since the introduction of the ASX Corporate Governance Council’s Principles of Good Corporate Governance and Best Practice Recommendations and the revised 2nd Edition of the ASX Principles and Recommendations (the “ASX Principles and Recommendations”), Chandler Macleod Group Limited (the “Company”) has developed and enhanced its systems of control and accountability as the basis for the administration of corporate governance.
The Company previously adopted, and continues to apply, the revised ASX Principles and Recommendations in relation to the 2009-2010 Financial Year. In accordance with the spirit of the ASX Principles and Recommendations, the Board of the Company has assessed each Recommendation in light of all salient factors, including the size of its business, the nature and scope of its operations, the composition of its Board, the resources available to the Company and the best interests of the Company’s shareholders.
As a result of that assessment (which is continuous and ongoing), the Company has complied with each Recommendation that the Board considers to be an appropriate benchmark for corporate governance practices in light of its circumstances. Where the Company’s corporate governance practices depart from the ASX Principles and Recommendations, the Board has offered full disclosure of the nature of, and reason for, the adoption of its own practice.
CMG's various corporate governance policies, codes of conduct and key processes are available via the links below: