Home' Nufarm Annual Report : Nufarm Annual Report Contents She was formerly the executive finance
director for the Coates Group and chief
financial officer for CSR. Prior to this
Anne was a partner in professional
services firms Ernst & Young,
Andersen and KPMG.
Anne will be standing down as a
director and deputy chairperson of
Echo Entertainment Group Limited
after that company’s 2014 annual
general meeting. Anne is a director
of Myer Limited, Charter Hall Group,
Argo Investments Ltd, Rabobank
Australia Limited and Rabobank
New Zealand Limited.
Gordon Davis has a bachelor of forest
science (hons), master of agricultural
science and he also holds a master
of business administration.
Gordon was managing director of
AWB Limited between 2006 and 2010.
Prior to this, he held various senior
executive positions with Orica Limited,
including general manager of Orica
Mining Services (Australia, Asia) and
general manager of Incitec Fertilizers.
He has also served in a senior capacity
on various industry associations.
The committee has a formal charter
which is reviewed annually. A copy of
the audit and risk committee charter
and the committee’s duties is available
on the corporate governance section
of the company’s website.
The charter sets out membership
requirements for the committee,
its responsibilities and provides that
the committee shall annually assess
the external auditor’s actual or
perceived independence by reviewing
the services provided by the auditor.
The charter also identifies those
• the external auditor may and may
not provide; and
• require specific audit and risk
The committee has recommended that:
• any former lead engagement partner
of the firm involved in the company’s
external audit should not be invited
to fill a vacancy on the board;
• the lead engagement audit partner
will be required to rotate off the
audit after a maximum five years,
• it will be at least two years before
that lead partner can again be
involved in the company’s audit.
In the current period the audit and risk
committee met on four occasions.
Prior to the approval of the financial
statements for any financial period,
the board receives a declaration from
the CEO and CFO that:
• the financial records of the company
have been properly maintained;
• the financial statements comply with
the appropriate accounting standards
and give a true and fair view of the
company’s financial position and
• that opinion has been formed on
the basis of a sound system of risk
management and internal control
which operates effectively.
The company’s external auditor attends
the company’s AGM and is available
to answer questions for shareholders
relevant to the audit.
The company has a detailed written
policy and procedure to ensure
compliance with both the ASX Listing
Rules and the Corporations Act. This
policy is reviewed regularly with the
company’s legal advisers and was most
recently amended in February 2014.
The company secretary prepares a
schedule of compliance and disclosure
matters for directors to consider at
each board meeting.
A summary of the disclosure policy is
available on the corporate governance
section of the company’s website.
Rights of shareholders
Information about Nufarm, including
• relevant market announcements
and related information; and
• presentations made to analysts
and investor briefings,
are immediately made available on the
company’s website: www.nufarm.com.
The corporate governance section
of the website contains all relevant
Nufarm is committed to timely,
open and effective communication
with its shareholders and the general
Nufarm values a direct, two-way
dialogue with shareholders and the
company believes it is important not
only to provide relevant information
as quickly and efficiently as possible,
but also to listen and understand
shareholder’s perspectives and
respond to their feedback. Nufarm’s
communication policy aims to:
• ensure that shareholders and the
financial markets are provided with
full and timely information about
• comply with its continuous disclosure
obligations contained in applicable
listing rules and the Corporations
Act in Australia as well as industry
guidelines such as the Australasian
Investor Relations Association’s Best
Practice Guidelines for Communication
between Listed Entities and the
• ensure equality of access to briefings,
presentations and meetings for
shareholders, analysts and media; and
• encourage attendance and voting
at shareholder meetings.
CORPORATE GOVERNANCE CONTINUED
28 | NUFARM LIMITED ANNUAL REPORT 2014
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