A culture that values ethical behaviour, integrity and respect
As a listed company Macmahon must comply with the Corporations Act 2001 (“Corporations Act”), the Australian Securities Exchange Limited (“ASX”) Listing Rules (“ASX Listing Rules”) and other laws in Australia and countries where Macmahon operates.
The ASX Listing Rules require the company to report on the extent to which it has followed the Recommendations contained in the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (4th edition) (“ASXCGC Recommendations”) and the Company has followed those recommendations where the Board has considered the recommendation to be an appropriate benchmark for its corporate governance practices. Where, after due consideration, the Company’s corporate governance practices depart from a recommendation, the Board has offered full disclosure and reason for the adoption of its own practice, in compliance with the “if not, why not” regime.
A checklist cross-referencing the ASXCGC Recommendations to the relevant sections of the Corporate Governance Statement and the Remuneration Report is also provided for ease of reference.
The Company’s Corporate Governance Statement reports on Macmahon’s key governance principles and practices which are reviewed regularly and revised as appropriate to reflect changes in law and developments in corporate governance.