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 Corporate Governance

Corporate governance is a matter of high importance within Inceptive Solutions Global Services its subsidiary businesses within the Group and is undertaken with due regard to all of the Company's stakeholders and its role in the community. Good corporate governance is a fundamental part of our culture and in our business practices.

The Board of Voting Directors is responsible for Inceptive Solutions Global Services and is committed to ensuring superior financial performance and the long-term prosperity of the Group, while meeting stakeholders’ expectations of sound corporate governance practices.

The Board of Inceptive Solutions Global Services is composed of a majority of Independent Directors, and will regularly review its corporate governance practices to ensure the best representation of shareholder interests.

Accordingly, the Board has reviewed the corporate governance practices of the Inceptive Solutions Group in light of the ASX Corporate Governance Council's Principles of Good Corporate Governance and Best Practice Recommendations released in March 2003.

The Principles provide a good general reference in determining best practice, while recognising that one size does not fit all. ISG substantially complies with these Principles and has included on this website the information that the Principles recommend be disclosed on a company's website.

However, in areas where it is in its best interests the Company will depart from the Principles. Reasons for any such departures will be explained in the Corporate Governance Statement of the Annual Review commencing from 2007.

Information on the significant corporate governance practices of Inceptive Solutions Global Services and the Inceptive Solutions Group is available to view below:

Code of conduct (pdf 78KB)
External auditor policy statement (pdf 39KB)

Board Practices

The primary role of the Board is to ensure the long-term health and prosperity of Inceptive Solutions Global Services Pty Ltd.

The Board meets at least monthly and Board papers make Voting Directors aware of current and forthcoming issues relevant to the Company’s operations and performance.

The Board has also approved a policy that all Independent Voting Directors will meet at least once per year in the absence of management and at other times as they shall determine. The convenor of such meetings will be the Chairman of the Corporate Governance Committee.

The Board and its Committees have determined other practices to assist it in fulfilling its functions and ensuring that it remains an effective decision-making body.

Information relating to those practices includes:

Board Charter (pdf 61KB)
Policy on Board Renewal and Appointment of Directors (pdf 56KB)
Board and Key Executive Performance Review (pdf 51KB)

Board Practices

The Board of Voting Directors has established a number of Board Committees. Each Committee has a charter which provides details of its composition and responsibilities. To view these charters click on the names below.

Audit and Compliance Committee charter (pdf 90KB)
Corporate Governance Committee charter (pdf 102KB)
Nominating Committee charter (pdf 108KB
Remuneration Committee charter (pdf 110KB)
Risk Committee charter (pdf 74KB)


 
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Copyright Inceptive Solutions Corporation Pty Ltd, ACN 125 004 239, 2007-2012