The Trust Company

The Directors of Trust are committed to implementing high standards of corporate governance and are guided by the values and principles set out in Trust’s Ethical Framework and the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (Recommendations). Trust is pleased to advise that its practices are largely consistent with the Recommendations. 

During the reporting period Trust reviewed its corporate governance practices and changes were made to Trust’s policies and committees. We have identified either when such policies or committees were introduced or why Trust does not consider they are appropriate due to the small size of Trust. Following the review the committees of the Board now comprise:

• Audit Risk and Compliance Committee
• People and Remuneration Committee
• Investment Committee
• Philanthropy and Community Committee

Trust addresses each of the Recommendations below for the period from 1 March 2009. This corporate governance statement is current as at 28 April 2010.

Additional corporate governance information, including copies of key policies, is included in the Corporate Governance section of this website.  

Principle 1 - Lay solid foundations for management and oversight

Principle 2 - Structure the board to add value

Principle 3 - Promote ethical and responsible decision-making

Principle 4 - Safeguard integrity in financial reporting

Principle 5 - Make timely and balanced disclosure

Principle 6 - Respect the rights of shareholders

Principle 7 - Recognise and manage risk

Principle 8 - Remunerate fairly and responsibly