Australian Wealth Management’s governance policies are an integral part of the corporate governance framework. All directors and employees are expected to comply with the governance policies. Below you can read about our code of ethics, insider trading rules/guidelines, and market disclosure and risk management policies.
Code of Conduct
The Code of Conduct establishes a policy and provides guidance to executives and employees in situations where their or the company’s integrity could be compromised, including conflicts of interest, use of non-public information and company assets, relationships with employees, customers and other stakeholders, reporting of unethical and dishonest behaviour, and related matters.
As well as the code of conduct, the Board Charter, and other documents referred to in this corporate governance section promote ethical and responsible decision-making in the company.
Trading rules/guidelines
We have written rules that govern trading in Australian Wealth Management securities so as to minimise the risk of insider trading.
The trading rules apply to directors, senior management and all employees. Persons subject to the protocol may only trade our shares in defined windows around the announcement of half-year and full-year results.
Prior to trading, directors must obtain permission to trade from the Company Secretary. In addition, all designated employees must have permission to trade from the Company Secretary or a delegated authority. Permission can only be granted if the Company Secretary or the delegated authority is satisfied as to certain matters, including that the person trading is not doing so on the basis of inside information, or if the company is within a blackout period.
We also have trading guidelines that apply generally to all employees.
Directors and senior executives are required to disclose all their trading in our securities to the Board and the market. Details of share trading by directors and senior executives are disclosed to the market and posted on this website under ‘Announcements’.
Market disclosure
We have policies and procedures in place designed to ensure that:
- All investors have equal and timely access to material information concerning the company.
- Company announcements are factual and presented in a clear and balanced way.
- We comply with the continuous disclosure requirements of the ASX.
We have a formal Continuous Disclosure Policy to prevent unauthorised or selective disclosure of information that could have a material effect on our share price. The company secretary is responsible for ensuring compliance. The Board reviews all releases of financial information to the market prior to their release.
This website provides speeches and briefings given by the Chairman and Managing Director, market disclosure notices, and financial results and presentations.
Risk management
The risk management charter establishes the framework to ensure a formal and consistent process of risk identification, assessment, mitigation, management and acceptance, and a regular review of risk, is carried out across the company.
The Group Remuneration and Appointments Committee
The Group Remuneration and Appointments Committee is responsible for the appointment and remuneration of directors and senior executives. Its primary function is to consider matters relating to the remuneration of senior executives as well as remuneration policies of the Group generally; and to review and make recommendations to achieve the optimal composition of the various boards and board committees within the AWM Group.
Group Remuneration and Appointments Committee Terms of Reference
The Statutory Audit and Risk Management Committee
The Statutory Audit and Risk Management Committee’s primary function and objective is to provide additional assurance regarding the quality and reliability of financial information used by the Board, and to review compliance with relevant laws and regulations and to understand the organisational practices for managing risk and managing and monitoring regulatory compliance.
Group Audit and Risk Management Committee