The Trust Company \ About Us \ Breadcrumbs
About us
1800 622 812 or via email
- The Trust Company Constitution
- The Trust Company Board Charter
- The Trust Company Directors' Share Trading Policy
- The Trust Company Employee's Share Trading Policy
- The Trust Company Share Plan Deed
- Performance Share Plan Agreement
- Tax Exempt Share Plan Rules
- The Trust Company Dividend Reinvestment Plan
- The Trust Company Dividend Reinvestment Plan Information Booklet
- The Trust Company Share Purchase Plan Offer Terms and Conditions
Corporate Governance
Principle 1, Principle 2, Principle 3, Principle 4, Principle 5, Principle 6, Principle 7, Principle 8
Principle 7
Recognise and manage risk
Trust values the importance of robust risk management systems and has established ARCC to assist the Board discharge its risk management and compliance responsibilities.
Role and members of ARCC
As noted above, in addition to reporting to the Board on audit and financial reporting matters, ARCC is responsible for the oversight of risk management, internal control systems and compliance matters for the Trust Group. It also reviews internal and external audit processes and reports. ARCC meets regularly with the Executive Team, senior management and external advisers, and reports directly to the Board.
Management’s responsibilities for risk management
The Executive Team regularly reports any material business risks directly to the Board and to ARCC.
Risk management and internal control systems
Trust has a formal risk management program in place. It was developed with external consultants and is based on Standards Australia AS/NZS 4360:2004 – Risk Management Standard. The program includes policies and procedures to identify and address material financial and non-financial risks. This program has been endorsed by the Board. The risks identified together with their management have been reported to the Board.
The Executive Team and ARCC are responsible for overseeing compliance with the risk management program and its continuous evolution.
Trust also maintains an independent “internal” audit team which reports directly to ARCC and the Board if necessary.
CEO, COO and CFO declarations
The CEO, COO and CFO provide formal statements to the Board to confirm that the financial statements are founded on a sound system of risk management, internal compliance and controls which implement the policies adopted by the Board. In addition they confirm Trust’s risk management and control system is operating efficiently and effectively in all material respects.
