Financial Report Template Page 10
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80CORPORATE GOVERNANCE STATEMENT
(CONT)
Principles and Recommendations
Comply
Principle 4 – Safeguard integrity in financial reporting
4.1
The board of a listed entity should:
The Group has established an Audit and Risk
Complies.
Management Committee. The Committee is
(a) have an audit committee which:
comprised of the three non-executive independent
(1) has at least three members, all of whom are
directors and is chaired by an independent non-
non-executive directors and a majority of
executive Director. The Charter of the Committee is
whom are independent directors; and
available on the Company’s website along with
(2) is chaired by an independent director, who is
information on its members. The number of meetings
not the chair of the board, and disclose:
held by the committee and the Directors’ attendance
(3) the charter of the committee;
at meetings is disclosed each year in the Group’s
Annual Report.
(4) the relevant qualifications and experience of
the members of the committee; and
(5) in relation to each reporting period, the
number of times the committee met
throughout the period and the individual
attendances of the members at those
meetings.
4.2
The board of a listed entity should, before it
The corporate governance charter requires the chief
Complies.
approves the entity’s financial statements for a
executive officer and chief financial officer to provide a
financial period, receive from its CEO and CFO a
statement to the board with any financial report to the
declaration that, in their opinion, the financial
effect that the Group’s risk management and internal
records of the entity have been properly
compliance and control systems are operating
maintained and that the financial statements
efficiently and effectively in all material respects.
comply with the appropriate accounting
standards and give a true and fair view of the
financial position and performance of the entity
and that the opinion has been formed on the
basis of a sound system of risk management and
internal control which is operating effectively.
4.3
A listed entity that has an AGM should ensure
The Group’s auditor, EY, attends the AGM each year
Complies.
that its external auditor attends its AGM and is
and is available to answer questions.
available to answer questions from security
holders relevant to the audit.
Principle 5 – Make timely and balanced disclosure
5.1
A listed entity should:
Shine has a Continuous Disclosure Policy which is
Complies.
designed to ensure that all material matters are
(a) have a written policy for complying with its
appropriately disclosed in a balanced and timely
continuous disclosure obligations under the
manner and in accordance with the requirements of
Listing Rules; and
the ASX Listing Rules. Shine’s Continuous Disclosure
(b) disclose that policy or a summary of it.
Policy is published on the Company’s website.
Principle 6 - Respect the rights of shareholders
6.1
A listed entity should provide information about
Shine’s website contains extensive information on the
Complies.
itself and its governance to investors via its
Company, its history and business activities and
website.
information relevant to investors as set out in the
guidelines.
6.2
A listed entity should design and implement an
Shine conducts regular market briefings including
Complies.
investor relations program to facilitate effective
interim and full year results presentations, investor
two-way communication with investors.
roadshows, briefings and also attends investor
conferences in order to facilitate communication with
investors and others stakeholders. All presentation
material is provided to ASX prior to these events to
ensure that all shareholders have timely access to
information. Shine aims to ensure that all shareholders
are well informed of all major developments affecting
the Group.
SHINE CORPORATE LTD | FINANCIAL REPORT | 2015
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