The Board of Directors of TML is responsible for the corporate
governance of TML including its strategic development.
The ASX Corporate Governance Council’s Corporate
Governance Principles and Recommendations articulate eight
core principles of good corporate governance and, for each
of those principles, recommendations as to their implementation.
Adoption of the Council’s recommendations is not compulsory.
However, under the Listing Rules of ASX, a listed entity
is required to provide a statement disclosing the extent
to which it has adopted the recommendations in the Reporting
Period (12 months to 30 June 2016) and, if it has not adopted
any of the recommendations, to explain why.
This Corporate Governance Statement sets out TML’s
current compliance, as at the date of 27 September 2016,
with the ASX Corporate Governance Council’s 3rd edition
Corporate Governance Principles and recommendations (Recommendations).
The Board consists of a group of directors which collectively
possesses the knowledge and experiences to contribute to
the deliberations of the Board and continuously committed
to the principles of sound corporate governance, accountability,
transparency and independence. The independent Directors
ensure that the Board can bring about quality judgements
which are free of bias to all issues. All directors are
expected to bring independent views and quality judgments
to the Board’s deliberations.
The composition of the Board is determined using the following
- there shall be at least two non-executive directors;
- directors shall have a range of expertise encompassing
the current and proposed activities of the Company; and
- procedures for election and retirement of Directors
are governed by the Company’s Articles of Association.
The names, skills, experiences, expertise and independence
of the directors of the Company in office at the date of
this report are set out in the Directors Page.
ASX Corporate Governance Council (CGC): Corporate
ASX listing Rule 4.10.3 requires a statement by the consolidated
entity disclosing the extent to which the entity has followed
the best practice recommendations set by the ASX Corporate
Governance Council (“CGC”) during the reporting
Company Charters and Policies
Appendix 1 Schedule of Reserved Matters
Audit and Risk Committee Charter
Remuneration and Nomination Charter
Corporate Governance Statement
Code of Conduct
Continuous Disclosure Policy
Diversity and Induction Policy
Securities Trading Policy
Shareholder Communication Policy