corporate governance - policies
Market Disclosure Policy
The Board have established a market disclosure policy intended to ensure that iiNet comply with all market disclosure obligations. The aim of this policy is designed to ensure timely and full disclosure of price sensitive information to shareholders and the required stock exchanges on which iiNet securities are listed.
View Market Disclosure Policy (pdf, 3 pp)
Communication with Shareholders
iiNet Limited aims to have transparent and effective communications with shareholders. Easy access to Company information is an important part of the Company’s communication strategy.
Information is communicated to shareholders regularly through various publications and forums as follows:
- The Annual Report;
- The Chairman’s Address and Managing Director presentation at the Company’s Annual General Meeting;
- Notices and explanatory memoranda of annual general meetings;
- Bi-annual Shareholder Brochures covering performance; and
- Announcements to relevant stock exchanges, and the Australian Securities Investment Commission.
iiNet also posts all reports, Australian Stock Exchange and media releases and copies of significant business presentations and speeches on the Investor Relations page of the Company’s website at www.iinet.net.au
View Shareholder Communications (pdf, 3 pp)
Share Trading
The Company has in place a share trading policy which restricts all employees or contractors of the Company from dealing in shares of the Company whilst in the possession of market sensitive information or similarly passing information to other parties in order to buy or sell iiNet shares. At no time may an employee or contractor trade in iiNet shares whilst subject to a non-disclosure agreement.
In addition to Insider Trading prohibitions arising from the Corporations Act, Directors, Executive Officers and members of the Executive management team are prohibited from trading in Company shares, except in a 30-day period following seven days after the release of the final and half yearly results. The Chairman reserves the right to approve share dealings outside of this policy after evaluating the relevant circumstances.
Before trading in the Company’s shares, Directors and employees must:
- Advise the Company Secretary of their intention to trade in the Company’s shares;
- Confirm they are not aware of any unpublished market sensitive information; and
- have been advised by the Company Secretary that there is no reason to preclude trading in the Company’s shares.
In addition to obligations under the law in relation to inside information, Directors and employees have a duty of confidentiality to the Company in relation to confidential information they possess.
View Share Trading Policy (pdf, 3 pp)
Code of Conduct
All Directors, executives and employees are charged with the responsibility to act with the utmost integrity and objectivity, striving at all times to enhance the reputation and performance of the Company.
iiNet Limited has established a Code of Conduct which aims to develop a consistent understanding of, and approach to, the desired standards of conduct and behaviour of the Directors, officers, employees and contractors in carrying out their roles. Through this Code, iiNet seeks to encourage and develop a culture of professionalism, honesty and responsibility in order to maintain and enhance our reputation as a valued employer, business operator and “corporate citizen”.
The Company’s principles of business ethics are instilled into employees at a formal induction process.
View Code of Conduct (pdf, 4 pp)
