5. Market Disclosure
5.1 Continuous disclosure and shareholder communications
Transfield Services aims to support the transparency and integrity of the market through timely and accurate disclosure of material information to shareholders and the investment community in relation to our operations and performance.
The Company’s Continuous Disclosure and Communications Policy sets out obligations and guidelines for disclosure of material information, pursuant to the ASX Listing Rules. In light of legal and regulatory developments, the policy was reviewed and amended in November 2009 to further improve the Company’s processes around disclosure. Legal developments arising out of the James Hardie case highlighted the need to establish appropriate accountabilities for market disclosure at Board level. The revised policy now clarifies this accountability.
The policy also outlines the role of the Company’s Continuous Disclosure Committee (Committee), which is responsible for determining what information must be disclosed and ensuring the Company complies with its disclosure obligations.
The Committee consists of the MD/CEO, Chief Financial Officer, Chief Risk and Legal Officer/Company Secretary and other members invited to join the Committee from time to time. It is scheduled to meet on a weekly basis, but may meet on an impromptu basis where necessary.
This Committee, working with the Corporate Affairs and Investor Relations teams, creates communication plans to ensure Transfield Services’ messages are effectively delivered through various communication channels. The Committee is guided by communications practices outlined in the Continuous Disclosure and Communications Policy.
ASX statements and media releases are a primary source of material information regarding the Company. These announcements are immediately uploaded to the Transfield Services website.
The website also contains information about the Company’s operations, achievements and awards, and features publications and investor presentations. Shareholders can also subscribe to free RSS feeds – communicating the latest ASX announcements via an RSS reader on their computer.
Annual General Meetings are a valuable opportunity to outline the Company’s recent developments and strategy, and for shareholders to comment on Transfield Services’ management and performance. Shareholders also have the opportunity to ask the Company’s external auditor questions relevant to its audit function.
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