Corporate governance
Overview
Argo Infrastructure 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.
Board Charter
The Board of Director’s 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.
Audit & Risk Committee
The Board delegates some of its functions to the Audit & Risk Committee, which is accountable to the Board.
The Committee comprises three non-executive directors, a majority of whom are independent, and is chaired by an independent director. The Committee cannot be chaired by a director who also chairs the Board of Directors.
The Committee provides assistance to the Board of Directors in fulfilling its responsibilities in relation to Argo Infrastructure’s financial reporting, internal control structure, risk management systems and external audit functions.
The following Audit & Risk Committee Charter governs the Committee’s operations:
Policies and Codes
As part of Argo’ Infrastructure’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.
Tax Transparency Report
The Board of Argo Infrastructure 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.