Downer’s Board of Directors are committed to ensuring that the company maintains an effective system of corporate governance. Downer’s corporate governance framework provides the platform from which:
The Board Charter sets out the structure, functions and responsibilities of the Board and the principles for the operation of the Board. It also describes the functions delegated to management.
Board Committees assist the Board in carrying out its responsibilities.
The nomination and selection processes for the Downer Board and its committees is outlined in the Nomination and Corporate Governance Committee Charter (link to Charter). This includes criteria and consideration for:
In recognising the need for the highest standards of corporate behaviour and accountability, the Board of Directors endorses the ASX Corporate Governance Council’s Corporate Governance Principles. These are to:
Further information on how Downer applies these principles is found in our Annual Report.