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McPHERSON’S LIMITED
ANNUAL REPORT 2015
The Board of Directors is committed to achieving and
demonstrating the highest standards of corporate governance.
This is considered to be essential for the long term performance
and sustainability of the Group, and to protect and enhance the
interests of shareholders and other key stakeholders.
The Board regularly reviews the Group’s governance
arrangements, as well as developments in market practice,
expectations and regulation. Subject to the exceptions as noted
in the Group’s Corporate Governance Statement, the Group’s
corporate governance arrangements conform to the Corporate
Governance Principles and Recommendations (3rd Edition)
issued by the ASX Corporate Governance Council (“ASX
Corporate Governance Principles”). The exceptions relate to the
current composition of the Board’s Audit Risk Management and
Compliance Committee and the Nomination and Remuneration
Committee as a consequence of a temporary Board vacancy,
which will be remedied as soon as an additional non-executive
director, currently being recruited, is appointed.
The Corporate Governance Statement has been approved by
the Board and is current as at 10 September 2015. The
statement outlines the Group’s main corporate governance
practices in place during the financial year ended 30 June 2015,
and currently. A copy of the Group’s Corporate Governance
Statement can be found in the Corporate Governance section
of the McPherson’s Limited website which is located at
www.mcphersons.com.au/corporate-governance.
CORPORATE GOVERNANCE STATEMENT