The Board recognises the importance of good corporate governance and its role in ensuring the accountability of the Board and management to shareholders.
The Board is concerned to ensure that the Group is properly managed to protect and enhance shareholder interests and that the Company, its directors, officers and employees operate in an appropriate environment of corporate governance.
The Board has adopted a corporate governance framework comprising principles and policies that are consistent with the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (third edition) (ASX Recommendations).
The Board considers that the Company’s corporate governance framework and practices have complied with the ASX Recommendations for the financial year, except as otherwise detailed in the Corporate Governance Statement.
Pact fosters a culture that values integrity and respect. We believe that adopting and operating in accordance with high standards of corporate governance is essential for sustainable long-term performance and value creation.
The Board is responsible for the overall corporate governance of Pact. The Board seeks to ensure that: