Argo is committed to responsible and transparent financial and business practices to protect and advance shareholders’ interests.
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 2019pdf 303 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 163 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 107 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 96 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.
- Anti-bribery and Corruption Policypdf 140 KB
- Board Composition, Selection and Appointment Policypdf 116 KB
- Code of Conductpdf 157 KB
- Communications Policypdf 99 KB
- Disclosure Policypdf 102 KB
- Diversity Policypdf 122 KB
- External Auditor Policypdf 88 KB
- Performance Evaluation & Remuneration Policypdf 112 KB
- Risk Management Policypdf 102 KB
- Securities Trading Policypdf 148 KB
- Statement of Core Valuespdf 92 KB
- Whistleblower Policypdf 202 KB
Tax Transparency Report
The Board of Argo is committed to responsible financial and business practices and the highest standards of corporate governance to protect and advance shareholders’ interests. As part of this commitment, the Board has determined that the Company publish a Tax Transparency Report in accordance with the Voluntary Tax Transparency Code as developed by the Board of Taxation.
- 2017-2018 Tax Transparency Reportpdf 206 KB