Corporate Governance

Corporate Governance Statement

 

This section explains how the Board will manage Collins Foods’ business. The Board is responsible for the overall corporate governance of Collins Foods. The Board monitors the operational and financial position and performance of Collins Foods and oversees its business strategy including approving the strategic goals of Collins Foods. The Board is committed to maximising performance, generating appropriate levels of Shareholder value and financial return, and sustaining the growth and success of Collins Foods. In conducting business with these objectives, the Board is concerned to ensure that Collins Foods is properly managed to protect and enhance Shareholder interests, and that Collins Foods, its Directors, officers and employees operate in an appropriate environment of corporate governance. Accordingly, the Board has created a framework for managing Collins Foods including adopting relevant internal controls, risk management processes and corporate governance policies and practices which it believes are appropriate for Collins Foods’ business and which are designed to promote the responsible management and conduct of Collins Foods.

 

The main policies and practices adopted by Collins Foods, are summarised below. In addition, many governance elements are contained in the Constitution of Collins Foods Limited. The Collins Foods’ Code of Conduct outlines how Collins Foods expects Directors and employees to behave and conduct business in a range of circumstances. In particular, the Code of Conduct requires awareness of, and compliance with, laws and regulations relevant to Collins Foods’ operations, including WHS, risk management, privacy and employment and diversity practices. Collins Foods’ key policies and practices and the charters for the Board and each of its committees can be found in the Key Policies section of this webpage.

 

The ASX Corporate Governance Council has developed and released corporate governance principles and recommendations for Australian listed entities in order to promote investor confidence and to assist companies to meet stakeholder expectations. The recommendations are not prescriptions, but guidelines. However, Collins Foods provides a corporate governance statement disclosing the extent to which it has followed the recommendations in the reporting period. Where Collins Foods has not followed a recommendation, it identifies the recommendation that has not been followed and gives reasons for not following it.