Calmer Co. International Limited has updated its corporate governance practices, focusing on compliance with ASX Corporate Governance Council recommendations and ensuring ethical business conduct. The company’s Board Charter outlines the roles and responsibilities of the Company Secretary and the accountability of the company secretary directly to the board through the chair.
Material actions and disclosures
The company has a Diversity Policy that provides a framework for gender equality and monitors the scope and currency of the policy. The Corporate Code of Conduct applies to Directors, senior executives, and employees, ensuring adherence to ethical standards. The company also has an Audit and Risk Committee Charter that oversees procedures for whistleblower protection.
The Board Charter states that the Board is responsible for procuring appropriate professional development opportunities for Directors to maintain the skills and knowledge needed to perform their roles effectively. The company values are articulated and disclosed on the Company’s website, and the Board regularly reviews the risk management framework of the Company.
The company has a Continuous Disclosure Policy that complies with ASX Listing Rules and other relevant legislation. Each member of the board receives copies of all material market announcements promptly after they have been made.
The company’s financial statements are prepared in accordance with Australian Accounting Standards and the Corporations Regulations 2001, giving a true and fair view of the Group’s financial position and performance.
The company’s external auditor attends its Annual General Meeting (AGM) and is available to answer questions from security holders relevant to the audit.
The company has a process for risk management and internal compliance that includes identifying and measuring risk, monitoring the environment for emerging factors and trends, and formulating risk management strategies.
The company’s remuneration report complies with section 300A of the Corporations Act 2001.
The company’s independent auditor, Hall Chadwick, has confirmed compliance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants.