Corporate Governance

Corporate governance is about the way a corporation is directed, administered or controlled on behalf of its stakeholders. These include our shareholders, employees, suppliers, customers, regulatory authorities and the community at large.

The Board of Brickworks Limited is committed to developing and maintaining good corporate governance within the Company, and recognises this can only be achieved through its people and their actions. Brickworks’ long term future is best served by ensuring that its employees have the highest levels of honesty and integrity and that employees are retained and encouraged to develop their capabilities through fair remuneration, appropriate long term incentives and equity participation in the Company. It is also critical to the success of the Company that an appropriate culture is nurtured and developed, starting with the Board itself.

Brickworks Limited has policies and procedures in place that help to ensure the highest standards of corporate governance. We abide by all laws of Australia and the requirements of regulatory authorities in each State.

 

 

Appendix 4G & Corporate Governance Statement 2017

 

The role of a board of directors is to govern, rather than manage, a company. The principal functions and responsibilities of the Board include the following:

  • Providing leadership to the Company and its employees;
  • Overseeing the development and implementation of appropriate corporate strategies;
  • Ensuring corporate accountability to shareholders;
  • Overseeing the control and accountability systems within the Company;
  • Ensuring robust and effective risk management, compliance and control systems are in place and operating effectively;
  • Monitoring the performance and conduct of the Company;
  • Monitoring the performance and conduct of senior management, and ensuring adequate succession plans are in place; and
  • Ensuring the Company continually builds an honest and ethical culture

In broad terms, the Board is responsible for, and has the authority to determine, all matters relating to the policies, practices, management and operations of the Company. This includes directing and delegating senior officers who manage the day-to-day affairs of the company.

In accordance with its responsibilities under corporate governance, the Board must also ensure that the Company complies with all of its contractual, statutory and any other legal obligations, including the requirements of any regulatory body.