Corporate Governance Practices:
The
board of Redhill Education has adopted a board charter. The board charter
formalises the roles and responsibilities and defines the matters that are
reserved for the board and specific matters that are delegated to senior
executives.
To
comply with the ASX corporate governance council’s principles and
recommendations Redhill Educations has a board that is made of a majority of
independent directors. Mr Beerworth, Dr Clark and Ms Trotman are independent
non-executive directors. Mr Deane is a non-executive director who was engaged
in an executive capacity on a part-time basis for approximately one month
following the resignation of the company’s first CEO. Mr Elith is an executive
director. The chair should also be an independent director, which he is – Mr
Beerworth is an independent Non-executive Director. The Chair and the CEO
should also not be exercised by the same individual. Mr Beerworth is the chair
of the board and Mr Elith the CEO.
The
board has adopted a code of conduct. The code of conduct sets clear values,
emphasizing culture, sounds business practices and good ethical behaviour.
The
company also has an audit and risk committee to help safeguard integrity in
financial reporting.
The
company has adopted a continuous disclosure policy to ensure that it complies
with the continuous discloser regime under the ASX listing Rules and the
Corporations act.
There
is a risk management policy in place to identify business risks and for development
and implementation of risk management and internal controls.
The
board have also established a remuneration committee and has adopted a
remuneration committee charter. This charter is put in place to ensure that the
company remunerates fairly and responsibly. Members of the remuneration
committee are Ms Trotman (chair), Mr Beerworth, Mr Deane and Dr Clark. There
are no schemes in place for retirement benefits other than superannuation for
the executive directors.
You can find the following documents
on the company’s website - http://www.redhilleducation.com/investor-centre/
Board
Charter
Charter
of the audit and risk management committee
Charter
of the remuneration committee
Code
of Conduct
Code
of conduct – directors and senior officers
Continuous
disclosure policy
Diversity
policy
Employee
Share Option Plan Rules
Risk
Management Policy
Securities
Trading Policy
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