Communication
The board of directors aims to ensure that the shareholders are informed of all major developments affecting the company's state of affairs.
Information is communicated to shareholders as follows:
- The annual report is distributed to all shareholders (unless a shareholder has specifically requested not to receive the document). The board ensures that the report includes relevant information about the operations of the company during the year, changes in the state of affairs of the company and details of future developments, in addition to the other disclosures required by the Corporations Act 2001
- The half-yearly report contains summarised financial information and a review of the operations of the company during the period. The half-year reviewed financial report is prepared in accordance with the requirements of applicable Accounting Standards and the Corporations Act 2001 and is lodged with the Australian Securities and Investments Commission and the Australian Stock Exchange. The financial report is sent to any shareholder who requests it
- Proposed major changes in the company which may impact on share ownership rights are submitted to a vote of shareholders
- Notice of all meetings of shareholders
- Matters that may have a material effect on the price of the company's securities are notified to the Australian Stock Exchange, posted on the company's website and issued in media releases
- The external auditor is requested to attend the AGM to answer any questions concerning the audit and the content of the auditor's report
The board encourages full participation of shareholders at the AGM to ensure a high level of accountability and identification with the company's strategy and goals. Important issues are presented to the shareholders as single resolutions.
The shareholders are requested to vote on the appointment and aggregate remuneration of directors, the granting of options and shares to directors and changes to the Constitution. Copies of the Constitution are available to any shareholder who requests it.
