Corporate governance is the system by which companies are directed and managed. It influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised.
At IOOF, we are committed to good corporate governance practices to create value and provide accountability and control systems commensurate with the risk involved. We support the ASX Principles of Good Corporate Governance and Best Practice Recommendations.
Our corporate governance policies and practices are reviewed annually and we continue to develop and improve our governance practices while monitoring developments in best practice corporate governance.
The IOOF Board has implemented a number of policies and procedures to ensure it is able to achieve its commitment to good corporate governance:
Codes and charters
- Board charter
- Remuneration and nominations committee terms of reference
- Audit committee terms of reference
- Risk and compliance committee terms of reference
- Code of conduct