Rectifier Technologies Ltd has released its updated Corporate Governance Statement, outlining its adherence to ASX Corporate Governance Council recommendations and detailing its governance practices. The statement covers a range of governance principles, including board structure, performance evaluation, risk management, and ethical conduct.
Material actions and disclosures
Rectifier Technologies Ltd has disclosed its process for evaluating the performance of the board, its committees, and individual directors. The company also has a code of conduct for directors, senior executives, and employees, and ensures that the board or a committee is informed of any material breaches of that code.
The company has also disclosed its process for reviewing the entity’s risk management framework annually to ensure it continues to be sound and that the entity is operating with due regard to the risk appetite set by the board.
Rectifier Technologies Ltd has disclosed its continuous disclosure compliance policy and ensures that its board receives copies of all material market announcements promptly after they have been made.
Forward commitments
Rectifier Technologies Ltd has outlined its commitment to maintaining a sound risk management framework and ensuring that the board reviews this framework annually.