AIMS Property Securities Fund has detailed its corporate governance practices, including its commitment to ethical conduct and risk management, in its latest annual report. The company disclosed its adherence to the ASX Corporate Governance Council’s recommendations, outlining its policies and processes for compliance, risk oversight, and ethical behavior.
Material actions and disclosures
The company has disclosed its values, code of conduct, whistleblower policy, and anti-bribery and corruption policy on its website. It also provides information about its governance to investors via its website, facilitating effective two-way communication with investors.
AIMS Property Securities Fund has also disclosed its process for verifying the integrity of its periodic corporate reports that are not audited or reviewed by an external auditor. Additionally, the company has disclosed whether it has any material exposure to environmental or social risks and how it manages or intends to manage those risks.
The company’s board has an audit committee which complies with the ASX Corporate Governance Council’s recommendations, including having at least three members, all of whom are non-executive directors and a majority of whom are independent directors. The committee is chaired by an independent director and the charter of the committee is disclosed.
AIMS Property Securities Fund has also disclosed the names of the directors considered by the board to be independent directors, the length of service of each director, and the relevant qualifications and experience of the members of the audit committee.
The company has disclosed its continuous disclosure compliance policy on its website, ensuring that its board receives copies of all material market announcements promptly after they have been made.
Finally, AIMS Property Securities Fund has disclosed how it facilitates and encourages participation at meetings of security holders, ensuring that all substantive resolutions at a meeting of security holders are decided by a poll rather than by a show of hands.
These disclosures reflect AIMS Property Securities Fund’s commitment to transparency and ethical governance practices.