Corporate Governance

Corporate governance is the system of principles and processes governing the exercise and control of authority within a company. Our governance system aims to:

  • ensure appropriate accountability
  • minimise business risks
  • promote ethical conduct, and
  • enhance investor confidence.

Transfield Services continuously monitors governance developments to ensure appropriate and flexible practices are in place to meet industry and market expectations – today and tomorrow. 

We believe there is no single model of good governance. Transfield Services, like any other listed entity, has its own history, values and vision for the future, which are reflected in our Board and corporate structure and our governance systems. These have been designed to encourage the success of Transfield Services and the creation of shareholder value now and in years to come. 

This year, we strengthened our governance systems through our work on crucial new policies including the Anti-Bribery and Corruption Policy and the Political Support and Involvement Policy. We implemented international training initiatives to support the Code of Business Conduct. Our Continuous Disclosure and Communications Policy and Share Trading Policy have been enhanced in light of legal and regulatory developments and reviews of best practice. 

Transfield Services has welcomed the ASX Corporate Governance Council’s position on diversity and measurable objectives relating to gender. We are currently reviewing our policies and practices to reflect our commitment to diversity in all its dimensions.

Transfield Services continues to report on its compliance with the revised ASX Principles and Recommendations in this annual report. We believe we have complied with the ASX Principles and Recommendations during this reporting period, except as outlined and explained in the following.