Financial Report Template Page 8
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80CORPORATE GOVERNANCE STATEMENT
(CONT)
Principles and Recommendations
Comply
Principle 1 – Lay solid foundations for management and oversight (continued)
1.5
A listed entity should:
Shine has a diversity policy that is disclosed on the
Complies.
Company’s website. Performance against the policy
(a) have a diversity policy which includes
is disclosed in the annual report.
requirements for the board or a relevant
committee of the board to set measurable
objectives for achieving gender diversity and
to assess annually both the objectives and the
entity’s progress in achieving them;
(b) disclose that policy or a summary of it; and
(c) disclose as at the end of each reporting
period the measurable objectives for
achieving gender diversity set by the board or
a relevant committee of the board in
accordance with the entity’s diversity policy
and its progress towards achieving them.
1.6
A listed entity should:
The Board undertakes an evaluation process in July
Complies.
each year to assess its performance. The assessment
(a) have and disclose a process for periodically
is conducted by an independent third party consultant.
evaluating the performance of the board, its
The evaluation has been undertaken for the current
committees and individual directors; and
reporting period.
(b) disclose, in relation to each reporting period,
whether a performance evaluation was
undertaken in the reporting period in
1.7
A listed entity should:
Each year the Managing Director conducts a formal
Complies.
performance review with the senior executives. These
(a) have and disclose a process for periodically
reviews are documented. Performance reviews have
evaluating the performance of its senior
been undertaken for the current reporting period.
executives; and
(b) disclose, in relation to each reporting period,
whether a performance evaluation was
undertaken in the reporting period in
accordance with that process.
Principle 2 – Structure the Board to add value
2.1
The board of a listed entity should:(a) have
A Nomination Committee has been established with
Complies.
a nomination committee which:
its own charter and consists of all five of the Directors.
The charter is available on the Company’s website and
(1) has at least three members, a majority
the number of meetings and attendance by the
of whom are independent directors; and
directors at those meetings is disclosed in the
(2) is chaired by an independent director,
annual financial report each year.
and disclose:
(3) the charter of the committee;
(4) the members of the committee; and
(5) as at the end of each reporting period,
the number of times the committee met
throughout the period and the individual
attendances of the members at those
meetings.
SHINE CORPORATE LTD | FINANCIAL REPORT | 2015
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