Corporate Governance

In 2003, the Australian Stock Exchange Corporate Governance Council released a set of best practice recommendations for the Corporate Governance practices of listed public companies. In 2007, the ASX Corporate Governance Council undertook an extensive review and in August 2007 the Council released a revised Statement of Corporate Governance
Principles and Recommendations, which revised Principles became effective from January 1, 2008.

On 30 June 2010, the ASX Corporate Governance Council released an update of its Corporate Governance Principles and Recommendations that are applicable from 1 January 2011.

ACE’s Corporate Governance policies are consistent with the Recommendations of the ASX Corporate Governance Council and are reviewed and updated so that these policies and practices are consistent with the revised Principles.
We will continue to monitor and update our Corporate Governance practices in light of ongoing developments in legal requirements and best practice.