Whitefield Income has disclosed its corporate governance policies and practices, emphasizing its commitment to lawful, ethical, and responsible behavior. The company has articulated its values and disclosed a code of conduct for directors, senior executives, and employees, as well as a whistleblower policy and an anti-bribery and corruption policy.
Material actions and disclosures
The company has a majority of independent directors on its board, with the Chair being an executive, non-independent director. Whitefield Income has also established an Audit & Risk Committee, a Nomination Committee, and a Remuneration Committee, each operating under formal charters. The company does not have an internal audit function but employs external auditors to ensure the integrity of its financial reporting.
The company has also disclosed its Securities Trading Policy, which generally prohibits directors and senior management from dealing in company shares during restricted periods.
Whitefield Income has also disclosed its process for verifying the integrity of periodic corporate reports that are not audited or reviewed by an external auditor.
The company’s governance framework complies with the ASX Corporate Governance Principles and Recommendations, with the exception of certain recommendations that are not applicable due to the company’s structure as an externally managed entity.
Whitefield Income’s Corporate Governance Statement can be accessed at https://www.whitefield.com.au/whitefield-income/.