TIDMOEX
RNS Number : 0828A
Oilex Ltd
24 September 2015
Rules 4.7.3 and 4.10.3[1]
Appendix 4G
Key to Disclosures
Corporate Governance Council Principles and Recommendations
Name of entity:
----------------
Oilex Ltd
----------------
ABN / ARBN: Financial year ended:
-------------------- ----------------------
50 078 652 632 30 June 2015
-------------------- ----------------------
Our corporate governance statement[2] for the above period above
can be found at:[3]
These pages of our Financial Report for year ended 30 June
2015:
This URL https://www.oilex.com.au/docs/default-source/corporate-governance/charters/150923-corporate-g
on our website: overnance-statement.pdf
The Corporate Governance Statement is accurate and up to date as
at 23 September 2015 and has been approved by the Board.
The annexure includes a key to where our corporate governance
disclosures can be located.
Date: 24 September 2015
Name of Director or Secretary Chris Bath
authorising lodgement:
ANNEXURE - KEY TO CORPORATE GOVERNANCE DISCLOSURES
Corporate Governance Council We have followed the recommendation We have NOT followed the
recommendation in full for the whole of the period recommendation
above. We have disclosed ... in full for the whole of the
period
above. We have disclosed ...[4]
--------------------------------------- ------------------------------------------------------------------------------------------------------- ---------------------------------
Principle 1 - Lay solid foundations for management and oversight
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.1 A listed entity should disclose: ... the fact that we follow this an explanation why that is so
(a) the respective roles and recommendation: in our Corporate Governance
responsibilities of its board in our Corporate Governance Statement Statement
and management; and OR OR
(b) those matters expressly at [insert location] we are an externally managed
reserved ... and information about the entity and this
to the board and those delegated respective roles and responsibilities recommendation
to management. of our board and management (including is therefore not applicable
those matters expressly reserved
to the board and those delegated
to management):
at http://www.oilex.com.au/about-us/corporate-governance
- Board Charter
---- --------------------------------- ------------------------------------------------------------------------------------------------------- ---------------------------------
1.2 A listed entity should: ... the fact that we follow this an explanation why that is so
(a) undertake appropriate checks recommendation: in our Corporate Governance
before appointing a person, or in our Corporate Governance Statement Statement
putting forward to security OR OR
holders at [insert location] we are an externally managed
a candidate for election, as entity and this
a director; and recommendation
(b) provide security holders is therefore not applicable
with all material information
in its possession relevant to
a decision on whether or not
to elect or re-elect a director.
---- --------------------------------- ------------------------------------------------------------------------------------------------------- ---------------------------------
1.3 A listed entity should have a ... the fact that we follow this an explanation why that is so
written agreement with each recommendation: in our Corporate Governance
director in our Corporate Governance Statement Statement
and senior executive setting OR OR
out the terms of their at [insert location] we are an externally managed
appointment. entity and this
recommendation
is therefore not applicable
---- --------------------------------- ------------------------------------------------------------------------------------------------------- ---------------------------------
1.4 The company secretary of a ... the fact that we follow this an explanation why that is so
listed recommendation: in our Corporate Governance
entity should be accountable in our Corporate Governance Statement Statement
directly to the board, through OR OR
the chair, on all matters to at [insert location] we are an externally managed
do with the proper functioning entity and this
of the board. recommendation
is therefore not applicable
---- --------------------------------- ------------------------------------------------------------------------------------------------------- ---------------------------------
1.5 A listed entity should: ... the fact that we have a diversity an explanation why that is so
(a) have a diversity policy that complies with paragraph in our Corporate Governance
policy which (a): Statement
includes requirements for in our Corporate Governance Statement OR
the OR we are an externally managed
(MORE TO FOLLOW) Dow Jones Newswires
September 24, 2015 05:14 ET (09:14 GMT)
board or a relevant at [insert location] entity and this
committee ... and a copy of our diversity recommendation
of the board to set policy or a summary of it: is therefore not applicable
measurable at http://www.oilex.com.au/about-us/corporate-governance
objectives for achieving * Summary of Diversity Policy
gender
diversity and to assess
annually ... and the measurable objectives
both the objectives and for achieving gender diversity
the entity's set by the board or a relevant
progress in achieving committee of the board in accordance
them; with our diversity policy and
(b) disclose that policy our progress towards achieving
or a them:
summary of it; and in our Corporate Governance Statement
(c) disclose as at the OR
end of at [insert location]
each reporting period the ... and the information referred
measurable to in paragraphs (c)(1) or (2):
objectives for achieving in our Corporate Governance Statement
gender OR
diversity set by the at [insert location]
board or
a relevant committee of
the board
in accordance with the
entity's
diversity policy and its
progress
towards achieving them
and either:
(1) the respective
proportions
of men and women on the
board,
in senior executive
positions
and across the whole
organisation
(including how the entity
has
defined "senior
executive" for
these purposes); or
(2) if the entity is a
"relevant
employer" under the
Workplace
Gender Equality Act, the
entity's
most recent "Gender
Equality
Indicators", as defined
in and
published under that Act.
---- --------------------------------- ------------------------------------------------------------------------------------------------------- ---------------------------------
1.6 A listed entity should: ... the evaluation process referred an explanation why that is so
(a) have and disclose a process to in paragraph (a): in our Corporate Governance
for periodically evaluating the in our Corporate Governance Statement Statement
performance of the board, its OR OR
committees and individual at http://www.oilex.com.au/about-us/corporate-governance we are an externally managed
directors; - Process for Performance Evaluations entity and this
and ... and the information referred recommendation
(b) disclose, in relation to to in paragraph (b): is therefore not applicable
each reporting period, whether in our Corporate Governance Statement
a performance evaluation was OR
undertaken in the reporting at [insert location]
period
in accordance with that process.
---- --------------------------------- ------------------------------------------------------------------------------------------------------- ---------------------------------
1.7 A listed entity should: ... the evaluation process referred an explanation why that is so
(a) have and disclose a process to in paragraph (a): in our Corporate Governance
for periodically evaluating the in our Corporate Governance Statement Statement
performance of its senior OR OR
executives; at http://www.oilex.com.au/about-us/corporate-governance we are an externally managed
and - Process for Performance Evaluations entity and this
(b) disclose, in relation to ... and the information referred recommendation
each reporting period, whether to in paragraph (b): is therefore not applicable
a performance evaluation was in our Corporate Governance Statement
undertaken in the reporting OR
period at [insert location]
in accordance with that process.
---- --------------------------------- ------------------------------------------------------------------------------------------------------- ---------------------------------
Principle 2 - Structure the board to add value
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.1 The board of a listed [If the entity complies with paragraph an explanation why that is so
entity (a):] in our Corporate Governance
should: ... the fact that we have a nomination Statement
(a) have a nomination committee that complies with paragraphs OR
committee (1) and (2): we are an externally managed
which: in our Corporate Governance Statement entity and this
(1) has at least three OR recommendation
members, at [insert location] is therefore not applicable
a majority of whom are ... and a copy of the charter
independent of the committee:
directors; and at [insert location]
(2) is chaired by an ... and the information referred
independent to in paragraphs (4) and (5):
director, in our Corporate Governance Statement
and disclose: OR
(3) the charter of the at [insert location]
committee; [If the entity complies with paragraph
(4) the members of the (b):]
committee; ... the fact that we do not have
and a nomination committee and the
(5) as at the end of processes we employ to address
each reporting board succession issues and to
period, the number of ensure that the board has the
times appropriate balance of skills,
the committee met knowledge, experience, independence
throughout and diversity to enable it to
the period and the discharge its duties and responsibilities
individual effectively:
attendances of the in our Corporate Governance Statement
members at OR
those meetings; or at [insert location]
(b) if it does not have
a nomination
committee, disclose
that fact
and the processes it
employs
to address board
succession
issues and to ensure
that the
board has the
(MORE TO FOLLOW) Dow Jones Newswires
September 24, 2015 05:14 ET (09:14 GMT)
appropriate balance
of skills, knowledge,
experience,
independence and
diversity to
enable it to discharge
its duties
and responsibilities
effectively.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
2.2 A listed entity should have ... our board skills matrix: an explanation why that is so
and disclose a board skills in our Corporate Governance Statement in our Corporate Governance
matrix setting out the mix of OR Statement
skills and diversity that the at [insert location] OR
board currently has or is we are an externally managed
looking entity and this
to achieve in its membership. recommendation
is therefore not applicable
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
2.3 A listed entity should ... the names of the directors an explanation why that is so
disclose: considered by the board to be in our Corporate Governance
(a) the names of the independent directors: Statement
directors in our Corporate Governance Statement
considered by the board to be OR
independent directors; at [insert location]
(b) if a director has an ... and, where applicable, the
interest, information referred to in paragraph
position, association or (b):
relationship in our Corporate Governance Statement
of the type described in Box OR
2.3 but the board is of the at [insert location]
opinion that it does not ... and the length of service
compromise of each director:
the independence of the in our Corporate Governance Statement
director, OR
the nature of the interest, at
position, association or http://www.oilex.com.au/investor-information/reports/reports-detail/2015/09/24/financial-report-for-ye
relationship ar-ended-30-june-2015
in question and an - Financial Report 2015 at page
explanation 19
of why the board is of that
opinion; and
(c) the length of service of
each director.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
2.4 A majority of the board of a ... the fact that we follow this an explanation why that is so
listed entity should be recommendation: in our Corporate Governance
independent in our Corporate Governance Statement Statement
directors. OR OR
at [insert location] we are an externally managed
entity and this
recommendation
is therefore not applicable
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
2.5 The chair of the board of a ... the fact that we follow this an explanation why that is so
listed entity should be an recommendation: in our Corporate Governance
independent in our Corporate Governance Statement Statement
director and, in particular, OR OR
should not be the same person at [insert location] we are an externally managed
as the CEO of the entity. entity and this
recommendation
is therefore not applicable
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
2.6 A listed entity should have ... the fact that we follow this an explanation why that is so
a program for inducting new recommendation: in our Corporate Governance
directors and provide in our Corporate Governance Statement Statement
appropriate OR OR
professional development at [insert location] we are an externally managed
opportunities entity and this
for directors to develop and recommendation
maintain the skills and is therefore not applicable
knowledge
needed to perform their role
as directors effectively.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
Principle 3 - ACT ethicalLY and responsiblY
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.1 A listed entity should: ... our code of conduct or a summary an explanation why that is so
(a) have a code of conduct of it: in our Corporate Governance
for in our Corporate Governance Statement Statement
its directors, senior OR
executives at http://www.oilex.com.au/about-us/corporate-governance
and employees; and - Summary of Code of Conduct
(b) disclose that code or a
summary of it.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
Principle 4 - Safeguard integrity in CORPORATE reporting
(MORE TO FOLLOW) Dow Jones Newswires
September 24, 2015 05:14 ET (09:14 GMT)
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.1 The board of a listed [If the entity complies with paragraph an explanation why that is so
entity (a):] in our Corporate Governance
should: ... the fact that we have an audit Statement
(a) have an audit committee that complies with paragraphs
committee (1) and (2):
which: in our Corporate Governance Statement
(1) has at least three OR
members, at [insert location]
all of whom are ... and a copy of the charter
non-executive of the committee:
directors and a at http://www.oilex.com.au/about-us/corporate-governance
majority of
whom are independent ... and the information referred
directors; to in paragraphs (4) and (5):
and in our Corporate Governance Statement
(2) is chaired by an OR
independent at
director, who is not http://www.oilex.com.au/investor-information/reports/reports-detail/2015/09/24/financial-report-for-ye
the chair ar-ended-30-june-2015
of the board, - Financial Report 2015 commencing
and disclose: at page 19
(3) the charter of the [If the entity complies with paragraph
committee; (b):]
(4) the relevant ... the fact that we do not have
qualifications an audit committee and the processes
and experience of the we employ that independently verify
members and safeguard the integrity of
of the committee; and our corporate reporting, including
(5) in relation to each the processes for the appointment
reporting and removal of the external auditor
period, the number of and the rotation of the audit
times engagement partner:
the committee met in our Corporate Governance Statement
throughout OR
the period and the at [insert location]
individual
attendances of the
members at
those meetings; or
(b) if it does not have
an audit
committee, disclose
that fact
and the processes it
employs
that independently
verify and
safeguard the integrity
of its
corporate reporting,
including
the processes for the
appointment
and removal of the
external
auditor and the
rotation of
the audit engagement
partner.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
4.2 The board of a listed entity ... the fact that we follow this an explanation why that is so
should, before it approves recommendation: in our Corporate Governance
the in our Corporate Governance Statement Statement
entity's financial statements OR
for a financial period, at [insert location]
receive
from its CEO and CFO a
declaration
that, in their opinion, the
financial records of the
entity
have been properly maintained
and that the financial
statements
comply with the appropriate
accounting standards and give
a true and fair view of the
financial position and
performance
of the entity and that the
opinion
has been formed on the basis
of a sound system of risk
management
and internal control which is
operating effectively.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
4.3 A listed entity that has an ... the fact that we follow this an explanation why that is so
AGM should ensure that its recommendation: in our Corporate Governance
external in our Corporate Governance Statement Statement
auditor attends its AGM and OR OR
is available to answer at [insert location] we are an externally managed
questions entity that does not hold an
from security holders annual
relevant general meeting and this
to the audit. recommendation
is therefore not applicable
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
Principle 5 - Make timely and balanced disclosure
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.1 A listed entity should: ... our continuous disclosure an explanation why that is so
(a) have a written policy for compliance policy or a summary in our Corporate Governance
complying with its continuous of it: Statement
disclosure obligations under in our Corporate Governance Statement
the Listing Rules; and OR
(b) disclose that policy or at http://www.oilex.com.au/about-us/corporate-governance
a summary of it.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
Principle 6 - Respect the rights of sECURITY holders
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.1 A listed entity should ... information about us and our an explanation why that is so
provide governance on our website: in our Corporate Governance
information about itself and at http://www.oilex.com.au/about-us/corporate-governance Statement
its governance to investors
via its website.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
6.2 A listed entity should design ... the fact that we follow this an explanation why that is so
and implement an investor recommendation: in our Corporate Governance
relations in our Corporate Governance Statement Statement
program to facilitate OR
effective at [insert location]
two-way communication with
investors.
(MORE TO FOLLOW) Dow Jones Newswires
September 24, 2015 05:14 ET (09:14 GMT)
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
6.3 A listed entity should ... our policies and processes an explanation why that is so
disclose for facilitating and encouraging in our Corporate Governance
the policies and processes it participation at meetings of security Statement
has in place to facilitate holders: OR
and in our Corporate Governance Statement we are an externally managed
encourage participation at OR entity that does not hold
meetings at http://www.oilex.com.au/about-us/corporate-governance periodic
of security holders. * Shareholder Communication and Investor Relations meetings of security holders
Policy and
this recommendation is
therefore
not applicable
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
6.4 A listed entity should give ... the fact that we follow this an explanation why that is so
security holders the option recommendation: in our Corporate Governance
to receive communications in our Corporate Governance Statement Statement
from, OR
and send communications to, at [insert location]
the entity and its security
registry electronically.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
Principle 7 - RECOGNISE AND MANAGE RISK
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.1 The board of a listed [If the entity complies with paragraph an explanation why that is so
entity (a):] in our Corporate Governance
should: ... the fact that we have a committee Statement
(a) have a committee or or committees to oversee risk
committees that comply with paragraphs (1)
to oversee risk, each and (2):
of which: in our Corporate Governance Statement
(1) has at least three OR
members, at [insert location]
a majority of whom are ... and a copy of the charter
independent of the committee:
directors; and at [insert location]
(2) is chaired by an ... and the information referred
independent to in paragraphs (4) and (5):
director, in our Corporate Governance Statement
and disclose: OR
(3) the charter of the at [insert location]
committee; [If the entity complies with paragraph
(4) the members of the (b):]
committee; ... the fact that we do not have
and a risk committee or committees
(5) as at the end of that satisfy (a) and the processes
each reporting we employ for overseeing our risk
period, the number of management framework:
times in our Corporate Governance Statement
the committee met OR
throughout at [insert location]
the period and the
individual
attendances of the
members at
those meetings; or
(b) if it does not have
a risk
committee or committees
that
satisfy (a) above,
disclose
that fact and the
processes
it employs for
overseeing the
entity's risk
management framework.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
7.2 The board or a committee of ... the fact that board or a committee an explanation why that is so
the board should: of the board reviews the entity's in our Corporate Governance
(a) review the entity's risk risk management framework at least Statement
management framework at least annually to satisfy itself that
annually to satisfy itself it continues to be sound:
that in our Corporate Governance Statement
it continues to be sound; and OR
(b) disclose, in relation to at [insert location]
each reporting period, ... and that such a review has
whether taken place in the reporting period
such a review has taken covered by this Appendix 4G:
place. in our Corporate Governance Statement
OR
at [insert location]
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
7.3 A listed entity should [If the entity complies with paragraph an explanation why that is so
disclose: (a):] in our Corporate Governance
(a) if it has an internal ... how our internal audit function Statement
audit is structured and what role it
function, how the function is performs:
structured and what role it in our Corporate Governance Statement
performs; or OR
(b) if it does not have an at [insert location]
internal [If the entity complies with paragraph
audit function, that fact and (b):]
the processes it employs for ... the fact that we do not have
evaluating and continually an internal audit function and
improving the processes we employ for evaluating
the effectiveness of its risk and continually improving the
management and internal effectiveness of our risk management
control and internal control processes:
processes. in our Corporate Governance Statement
OR
at [insert location]
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
7.4 A listed entity should ... whether we have any material an explanation why that is so
disclose exposure to economic, environmental in our Corporate Governance
(MORE TO FOLLOW) Dow Jones Newswires
September 24, 2015 05:14 ET (09:14 GMT)
whether it has any material and social sustainability risks Statement
exposure to economic, and, if we do, how we manage or
environmental intend to manage those risks:
and social sustainability in our Corporate Governance Statement
risks OR
and, if it does, how it at [insert location]
manages
or intends to manage those
risks.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
Principle 8 - REMUNERATE FAIRLY AND RESPONSIBLY
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.1 The board of a listed [If the entity complies with paragraph an explanation why that is so
entity (a):] in our Corporate Governance
should: ... the fact that we have a remuneration Statement
(a) have a remuneration committee that complies with paragraphs OR
committee (1) and (2): we are an externally managed
which: in our Corporate Governance Statement entity and this
(1) has at least three OR recommendation
members, at [insert location] is therefore not applicable
a majority of whom are ... and a copy of the charter
independent of the committee:
directors; and at http://www.oilex.com.au/about-us/corporate-governance
(2) is chaired by an
independent ... and the information referred
director, to in paragraphs (4) and (5):
and disclose: in our Corporate Governance Statement
(3) the charter of the OR
committee; at
(4) the members of the http://www.oilex.com.au/investor-information/reports/reports-detail/2015/09/24/financial-report-for-ye
committee; ar-ended-30-june-2015
and - Financial Report 2015 at page
(5) as at the end of 20
each reporting [If the entity complies with paragraph
period, the number of (b):]
times ... the fact that we do not have
the committee met a remuneration committee and the
throughout processes we employ for setting
the period and the the level and composition of remuneration
individual for directors and senior executives
attendances of the and ensuring that such remuneration
members at is appropriate and not excessive:
those meetings; or in our Corporate Governance Statement
(b) if it does not have OR
a remuneration at [insert location]
committee, disclose
that fact
and the processes it
employs
for setting the level
and composition
of remuneration for
directors
and senior executives
and ensuring
that such remuneration
is appropriate
and not excessive.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
8.2 A listed entity should ... separately our remuneration an explanation why that is so
separately policies and practices regarding in our Corporate Governance
disclose its policies and the remuneration of non-executive Statement
practices directors and the remuneration OR
regarding the remuneration of of executive directors and other we are an externally managed
non-executive directors and senior executives: entity and this
the remuneration of executive in our Corporate Governance Statement recommendation
directors and other senior OR is therefore not applicable
executives. at
http://www.oilex.com.au/investor-information/reports/reports-detail/2015/09/24/financial-report-for-ye
ar-ended-30-june-2015
- Financial Report 2015, Remuneration
Report commencing at page 26
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
8.3 A listed entity which has an ... our policy on this issue or an explanation why that is so
equity-based remuneration a summary of it: in our Corporate Governance
scheme in our Corporate Governance Statement Statement
should: OR OR
(a) have a policy on whether at [insert location] w e do not have an
participants are permitted to equity-based
enter into transactions remuneration scheme and this
(whether recommendation
through the use of is therefore not applicable
derivatives OR
or otherwise) which limit the we are an externally managed
economic risk of entity and this
participating recommendation
in the scheme; and is therefore not applicable
(b) disclose that policy or
a summary of it.
------- ------------------------------ ------------------------------------------------------------------------------------------------------- ---------------------------------
ADDITIONAL DISCLOSURES APPLICABLE TO EXTERNALLY MANAGED LISTED ENTITIES
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
- Alternative to Recommendation ... the information referred to an explanation why that is so
1.1 for externally managed in paragraphs (a) and (b): in our Corporate Governance
listed in our Corporate Governance Statement Statement
entities: OR
(MORE TO FOLLOW) Dow Jones Newswires
September 24, 2015 05:14 ET (09:14 GMT)
Synergia Energy (LSE:SYN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Synergia Energy (LSE:SYN)
Historical Stock Chart
From Apr 2023 to Apr 2024
