Introduced 01/07/14 Amended 02/11/15
Name of entity | ||
Westpac Banking Corporation | ||
ABN / ARBN | Financial year ended: | |
33 007 457 141 | 30 September 2016 |
Our corporate governance statement2for the above period above can be found at:3
☐ | These pages of our annual report: | |
☒ | This URL on our website: | http://www.westpac.com.au/about-westpac/westpac-group/corporate-governance/corporate-governance-overview/ |
The Corporate Governance Statement is accurate and up to date as at 7 November 2016 and has been approved by the board.
The annexure includes a key to where our corporate governance disclosures can be located.
Date: | 9 November 2016 |
Name of Director or Secretary authorising lodgement: | Tim Hartin |
Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX.
Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.
Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3.
"Corporate governance statement" is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.
Mark whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where the entity's corporate governance statement can be found. You can, if you wish, delete the option which is not applicable.
Throughout this form, where you are given two or more options to select, you can, if you wish, delete any option which is not applicable and just retain the option that is applicable. If you select an option that includes "OR" at the end of the selection and you delete the other options, you can also, if you wish, delete the "OR" at the end of the selection.
+ See chapter 19 for defined terms
2 November 2015 Page 1
ANNEXURE - KEY TO CORPORATE GOVERNANCE DISCLOSURESCorporate Governance Council recommendation | We have followed the recommendation in full for the whole of the period above. We have disclosed … | |
PRINCIPLE 1 - LAY SOLID FOUNDATIONS FOR MANAGEMENT AND OVERSIGHT | ||
1.1 | A listed entity should disclose:
| … the fact that we follow this recommendation: ☒ in our Corporate Governance Statement on page 3 … and information about the respective roles and responsibilities of our board and management (including those matters expressly reserved to the board and those delegated to management): ☒ in our Board Charter, which is available at this URL on our website: https://www.westpac.com.au/about-westpac/westpac-group/corporate-governance/constitution-board/ |
1.2 | A listed entity should:
| … the fact that we follow this recommendation: ☒ in our Corporate Governance Statement on page 7 |
1.3 | A listed entity should have a written agreement with each director and senior executive setting out the terms of their appointment. | … the fact that we follow this recommendation: ☒ in our Corporate Governance Statement on pages 7 and 8 |
1.4 | The company secretary of a listed entity should be accountable directly to the board, through the chair, on all matters to do with the proper functioning of the board. | … the fact that we follow this recommendation: ☒ in our Corporate Governance Statement on page 8 |
Corporate Governance Council recommendation | We have followed the recommendation in full for the whole of the period above. We have disclosed … | |
1.5 | A listed entity should:
| … the fact that we have a diversity policy that complies with paragraph (a): ☒ in our Corporate Governance Statement on page 10 … and a copy of our diversity policy or a summary of it: ☒ a summary of our Inclusion and Diversity Policy is set out on page 10 of our Corporate Governance Statement … and the measurable objectives for achieving gender diversity set by the board or a relevant committee of the board in accordance with our diversity policy and our progress towards achieving them: ☒ in our Corporate Governance Statement on page 11; and ☒ in our 2016 Annual Review and Sustainability Report, which is available at this URL on our website: www.2016annualreport.westpacgroup.com.au … and the information referred to in paragraphs (c)(1) or (2): ☒ in our Corporate Governance Statement on pages 6 and 11; and ☒ in our 2016 Annual Review and Sustainability Report, which is available at this URL on our website: www.2016annualreport.westpacgroup.com.au Paragraph (c)(2) not applicable. |
1.6 | A listed entity should:
| … the evaluation process referred to in paragraph (a): ☒ in our Corporate Governance Statement on page 8 … and the information referred to in paragraph (b): ☒ in our Corporate Governance Statement on page 8 |
1.7 | A listed entity should:
| … the evaluation process referred to in paragraph (a): ☒ in our Corporate Governance Statement on page 8 … and the information referred to in paragraph (b): ☒ in our Corporate Governance Statement on page 8 |
Corporate Governance Council recommendation | We have followed the recommendation in full for the whole of the period above. We have disclosed … | |
PRINCIPLE 2 - STRUCTURE THE BOARD TO ADD VALUE | ||
2.1 | The board of a listed entity should:
| [If the entity complies with paragraph (a):] … the fact that we have a nomination committee that complies with paragraphs (1) and (2): ☒ in our Corporate Governance Statement on pages 3 and 4 … and a copy of the charter of the committee: ☒ at this URL on our website: https://www.westpac.com.au/about-westpac/westpac-group/corporate-governance/constitution-board/ … and the information referred to in paragraphs (4) and (5): ☒ in our Corporate Governance Statement on page 4; and ☒ in the Directors' report on page 38 of our 2016 Annual Report, which is available at this URL on our website: http://www.westpac.com.au/about-westpac/investor-centre/financial-information/annual-reports/ Paragraph (b) not applicable. |
2.2 | A listed entity should have and disclose a board skills matrix setting out the mix of skills and diversity that the board currently has or is looking to achieve in its membership. | … our board skills matrix: ☒ in our Corporate Governance Statement on pages 5, 6 and 7; and ☒ in our Directors' report on pages 25 to 28 of our 2016 Annual Report, which is available at this URL on our website: http://www.westpac.com.au/about-westpac/investor-centre/financial-information/annual-reports/ |
2.3 | A listed entity should disclose:
| … the names of the directors considered by the board to be independent directors: ☒ in our Corporate Governance Statement on page 4 … and, where applicable, the information referred to in paragraph (b): Paragraph (b) not applicable. … and the length of service of each director: ☒ in our Corporate Governance Statement on page 6; and ☒ in the Directors' report on pages 25 to 28 of our 2016 Annual Report, which is available at this URL on our website: http://www.westpac.com.au/about-westpac/investor-centre/financial-information/annual-reports/ |
Westpac Banking Corporation published this content on 09 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2016 05:24:04 UTC.
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