The Company's strong corporate governance practices are based on the ASX Corporate Governance Principles and Recommendations.
The Board has adopted these ASX principles and recommendations, however it believes that these rules and regulations are of limited value unless supported by a foundation of honesty and integrity.
The following Corporate Governance Statement summarises the Company's framework of corporate governance.
- Corporate Governance Statement 2017pdf 634 KB
The Board of Directors' primary role is to ensure the long-term prosperity of the Company. The Board's specific responsibilities and powers are set out in the following Board Charter.
- Board Charterpdf 473 KB
The Board delegates some of its functions to Board Committees, which are accountable to the Board. The following Committees are operational:
Audit & Risk
The Audit & Risk Committee comprises three independent, non-executive Directors, being Ms. A.B. Brennan (Chair), Ms. J.C. Morton and Mr. C.E. Cuffe.
The Committee provides assistance to the Board of Directors in fulfilling its responsibilities in relation to Argo’s financial reporting, internal control structure, risk management systems and the external audit functions.
The following Audit & Risk Committee Charter governs the Committee's operations:
- Audit & Risk Committee Charterpdf 337 KB
The Remuneration Committee comprises three independent, non-executive Directors, being Mr. R.A. Higgins AO (Chair), Mr. G.I. Martin AM, and Mr. R.A. Davis.
The Committee reviews and advises the Board on remuneration arrangements for the non-executive Directors, the Managing Director and the senior executives. The Committee assesses the appropriateness of the nature and amount of remuneration of such officers on a periodic basis by reference to relevant employment market conditions, with the overall objective of ensuring maximum shareholder benefit from the retention of a high quality Board and executive team.
The following Remuneration Committee Charter governs the Committee's operations:
- Remuneration Committee Charterpdf 329 KB
Policies and Codes
As part of Argo's strong framework of corporate governance and its commitment to honesty and integrity in its dealings with the community, the Company has adopted a number of policies and codes which apply to all Directors, Executives and other staff.
- Board Composition, Selection and Appointmentpdf 348 KB
- Code Of Conductpdf 346 KB
- Communications Policypdf 344 KB
- Disclosure Policypdf 342 KB
- Diversity Policypdf 330 KB
- External Auditor Policypdf 317 KB
- Performance Evaluation & Remuneration Policypdf 340 KB
- Risk Management Policypdf 376 KB
- Securities Trading Policypdf 521 KB