Corporate Governance
Valmec Limited has adopted comprehensive systems of control, accountability and reporting as the basis for the administration of corporate governance.
As the Company's activities develop in size, nature and scope, the Board’s structure and the implementation of additional governance systems will be continuously reviewed.
Board Charter
The Board is responsible for the overall control, accountability systems, operation and stewardship of Valmec and, in particular, is responsible for:
- Strategy
- Risk management
- Reporting and disclosure
- Management
- Performance
- Corporate Governance
- Board committees
- Delegation of authority to management
Board Structure
The Board comprises members with a wide range of skills, experience and attributes appropriate for the company. The Board annually reviews the skills and experience of its members and decides on whether any action needs to be taken to supplement or complement those skills.
Governance Systems
The Board has currently adopted the following Charters, Governance Policies and Management structures in its administration of superior Corporate Governance:
Structure
- Board Charter (pdf 375 KB)
- Board Structure (pdf 372 KB)
- Audit, Finance and Risk Committee Charter (pdf 387 KB)
- Remuneration and Nominations Committee Charter (pdf 375 KB)
- Mergers and Acquisitions Committee Charter (pdf 372 KB)
- Strategy Planning Committee Charter (pdf 373 KB)
Policies
- Valmec Values (pdf 369 KB)
- Code of Conduct (pdf 361 KB)
- Diversity Policy (pdf 349 KB)
- Risk Management Policy (pdf 360 KB)
- Valmec Whistleblower Policy (pdf 488 KB)
- Directors and Board Performance Review (pdf 360 KB)
- Senior Executives Performance Review (pdf 361 KB)
- Continuous Disclosure Policy (pdf 391 KB)
- Securities Trading Policy (pdf 366 KB)
- Remuneration Policy (pdf 379 KB)
- Shareholder Communication Policy (pdf 362 KB)
- Corporate Governance Compliance Statement (pdf 406 KB)
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